Largo Resources (CVE:LGO) Price Target Lowered to C$5.00 at Royal Bank of Canada

Largo Resources (CVE:LGO) had its price target dropped by equities researchers at Royal Bank of Canada from C$8.00 to C$5.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

Separately, CIBC reduced their target price on Largo Resources from C$8.25 to C$7.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th.

Largo Resources Stock Performance

Largo Resources has a 1-year low of C$0.11 and a 1-year high of C$0.81.

Largo Resources Company Profile

Largo Resources Ltd. is a natural resource development and exploration company. The Company is engaged in the acquisition, exploration, development and operation of mining and exploration properties located in Brazil and Canada. The Company operates through two segments: mine properties, and exploration and evaluation properties.