Largo Resources (LGO) Gets a Buy Rating from CIBC
CIBC analyst CIBC World Markets reiterated a Buy rating on Largo Resources (LGO) yesterday and set a price target of C$25.00. The company’s shares closed last Thursday at $15.12.
Largo Resources has an analyst consensus of Strong Buy, with a price target consensus of $21.13.
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The company has a one-year high of $18.71 and a one-year low of $12.91. Currently, Largo Resources has an average volume of 133.8K.
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Largo Resources Ltd. engages in the exploration and development of vanadium and tungsten projects in Brazil and Canada. It focuses in the production of vanadium flake, purity vanadium flake and purity vanadium powder. The firm also 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 was founded on April 18, 1988 and is headquartered in Toronto, Canada.