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

Largo Resources (CVE:LGO) had its price target trimmed by Royal Bank of Canada from C$8.00 to C$5.00 in a research report report published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

Largo Resources Stock 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.