With over 92910.0 Largo Inc. (LGO) shares trading Tuesday and a closing price of $6.23 on the day, the dollar volume was approximately $0.58 million. The shares have shown a negative half year performance of -4.30% and its price on 01/24/23 lost nearly -5.89%. Currently, there are 64.22M common shares owned by the public and among those 63.76M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for LGO have a consensus price objective of $11.21. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $7.33. But an upside of 58.47% will see the stock hit the forecast high price target while median target price for the stock is $11.96.
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The top 3 mutual fund holders in Largo Inc. are GMO Resources Fund, GMO Climate Change Fund, and Bakersteel Global Funds SICAV – E. GMO Resources Fund owns 1.65 million shares of the company’s stock, all valued at over $8.89 million. The company bought an additional 39121.0 shares recently to bring their total holdings to about 2.58% of the shares outstanding. GMO Climate Change Fund bought 26377.0 shares to see its total holdings expand to 1.01 million shares valued at over $5.43 million and representing 1.58% of the shares outstanding. Bakersteel Global Funds SICAV – E bought 0.65 million shares to bring its total holdings to over 0.82 million shares at a value of $4.39 million. Bakersteel Global Funds SICAV – E now owns shares totaling to 1.27% of the shares outstanding.
Shares of Largo Inc. (NASDAQ: LGO) opened at $6.55, down -$0.07 from a prior closing price of $6.62. However, the script later moved the day high at 6.55, down -5.89%. The company’s stock has a 5-day price change of -8.78% and 2.81% over the past three months. LGO shares are trading 15.80% year to date (YTD), with the 12-month market performance down to -23.28% lower. It has a 12-month low price of $4.75 and touched a high of $14.27 over the same period. LGO has an average intraday trading volume of 64.97K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.71%, 13.48%, and -10.20% respectively.
Institutional ownership of Largo Inc. (NASDAQ: LGO) shares accounts for 67.40% of the company’s 64.22M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $502.45M and a beta (3y monthly) value of 1.68. The stock’s trailing 12-month PE ratio is 20.16, while the earnings-per-share (ttm) stands at $0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.74% over the week and 5.68% over the month.
Analysts forecast that Largo Inc. (LGO) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 214.90%, and 123.51% over the next financial year.
Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 2 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
