Largo (TSE:LGO) Receives “Buy” Rating from HC Wainwright

Largo (TSE:LGOGet Rating)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a report issued on Thursday, MarketBeat reports. They currently have a C$20.00 target price on the stock. HC Wainwright’s price target would suggest a potential upside of 62.34% from the company’s previous close.

Separately, Morgan Stanley cut Largo to a “hold” rating and set a C$11.40 price objective for the company. in a research report on Monday, January 31st.

TSE:LGO opened at C$12.32 on Thursday. The business’s 50-day simple moving average is C$14.46. The firm has a market cap of C$797.76 million and a PE ratio of 28.00. Largo has a 1 year low of C$9.39 and a 1 year high of C$22.96. The company has a current ratio of 3.84, a quick ratio of 2.58 and a debt-to-equity ratio of 6.61.

About Largo (Get Rating)

Largo Inc engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.

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