Nasdaq LGO Price Target Increased by 5.11% to 8.93 https://www.nasdaq.com/articles/largo-lgo-price-target-increased-by-5.11-to-8.93
Largo (LGO) Price Target Increased by 5.11% to 8.93
August 02, 2023 — 10:55 am EDT
Written by George Maybach for Fintel ->
The average one-year price target for Largo (NASDAQ:LGO) has been revised to 8.93 / share. This is an increase of 5.11% from the prior estimate of 8.50 dated June 1, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 6.92 to a high of 12.00 / share. The average price target represents an increase of 89.67% from the latest reported closing price of 4.71 / share.
What is the Fund Sentiment?
There are 81 funds or institutions reporting positions in Largo. This is a decrease of 6 owner(s) or 6.90% in the last quarter. Average portfolio weight of all funds dedicated to LGO is 0.06%, a decrease of 33.99%. Total shares owned by institutions decreased in the last three months by 12.60% to 39,600K shares. 
The put/call ratio of LGO is 0.49, indicating a bullish outlook.
What are Other Shareholders Doing?
Arias Resource Capital Gp holds 28,039K shares representing 43.78% ownership of the company. No change in the last quarter.
Grantham, Mayo, Van Otterloo & Co. holds 5,296K shares representing 8.27% ownership of the company. In it's prior filing, the firm reported owning 5,120K shares, representing an increase of 3.31%. The firm decreased its portfolio allocation in LGO by 5.57% over the last quarter.
GOFIX - GMO Resources Fund Class III holds 1,274K shares representing 1.99% ownership of the company. No change in the last quarter.
Bank of New York Mellon holds 1,147K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 1,115K shares, representing an increase of 2.79%. The firm decreased its portfolio allocation in LGO by 89.08% over the last quarter.
GCCHX - GMO Climate Change Fund Class III holds 1,008K shares representing 1.57% ownership of the company. No change in the last quarter.