Old West Investment Management LLC Takes $562,000 Position in Largo Inc. $LGO

Old West Investment Management LLC bought a new position in shares of Largo Inc. (NYSE:LGO) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 374,378 shares of the company’s stock, valued at approximately $562,000.

A number of other large investors have also bought and sold shares of LGO. SG Americas Securities LLC bought a new stake in Largo in the third quarter valued at $29,000. XTX Topco Ltd bought a new position in shares of Largo during the 2nd quarter worth about $46,000. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Largo in the 2nd quarter valued at about $61,000. 64.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price target on Largo from $2.90 to $3.10 and gave the stock a “buy” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $3.10.

Largo Stock Up 20.3%

Shares of NYSE LGO opened at $1.48 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81. The company has a 50-day moving average price of $1.14 and a 200-day moving average price of $1.32. The stock has a market capitalization of $123.84 million, a P/E ratio of -1.85 and a beta of 1.52. Largo Inc. has a 1 year low of $0.85 and a 1 year high of $2.70.

About Largo

Largo Inc (NYSE:LGO) is a diversified resources and digital asset company that provides investors with exposure to both critical battery metals and bitcoin through publicly traded vehicles. The combined platform integrates specialty metals operations with a physical bitcoin trust, reflecting the company’s strategy to offer participation in traditional commodities and emerging digital assets.

The metals division focuses on the production and sale of high-purity nickel and cobalt sulfate used in electric vehicle batteries and energy storage systems.