CIBC Cuts Largo Resources (CVE:LGO) Price Target to C$6.00

Largo Resources (CVE:LGO) had its target price lowered by CIBC from C$7.00 to C$6.00 in a report released on Wednesday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Separately, Royal Bank of Canada dropped their price objective on Largo Resources from C$8.00 to C$5.00 and set an outperform rating for the company in a research note on Wednesday, March 27th.

Largo Resources Price Performance

Largo Resources has a 12 month low of C$0.11 and a 12 month high of C$0.81.

About Largo Resources

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.