Today, an analyst has provided a rating update for the Materials sector company, Largo Resources (TSX: LGO). H.C. Wainwright’s analyst Heiko Ihle reiterates their Buy rating on the shares, with a C$5 price target.
According to TipRanks.com, Ihle is a 2-star analyst with an average return of 1.1% and a 33.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Largo Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$5.
Largo Resources’ market cap is currently C$1.93B and has a P/E ratio of 12.7. The company has a Price to Book ratio of 9.66.
Largo Resources Ltd. engages in the exploration and development of vanadium and tungsten projects in Brazil and Canada. It holds interest in the maracás vanadium, currais novos tungsten tailings and campo alegre de lourdes iron-vanadium projects; and in northern dancer tungsten-molybdenum property located in the Yukon Territory.
The company’s shares closed on Wednesday at C$3.69, close to its 52-week high of C$3.77.