HC Wainwright Trims Largo Resources (CVE:LGO) Target Price to C$1.50

Largo Resources (CVE:LGO) had its price target reduced by HC Wainwright from C$2.20 to C$1.50 in a report issued on Monday, BayStreet.CA reports.

Several other research analysts have also commented on LGO. CSFB upgraded Largo Resources from an underperform rating to a neutral rating and dropped their price target for the stock from C$1.40 to C$1.20 in a research report on Tuesday, January 14th. Royal Bank of Canada dropped their price target on Largo Resources from C$2.50 to C$1.90 and set an outperform rating for the company in a research report on Monday, January 27th.

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

In other Largo Resources news, Senior Officer Ernest Michael Cleave sold 24,754 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$1.03, for a total transaction of C$25,471.87. Following the completion of the transaction, the insider now owns 85,694 shares in the company, valued at C$88,179.13. Also, Director David Wallace Brace bought 25,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of C$1.01 per share, with a total value of C$25,250.00. Following the transaction, the director now directly owns 200,727 shares of the company’s stock, valued at C$202,734.27.

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.

Further Reading: Capital Gains Distribution

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