Largo Resources (TSX: LGO), the Materials sector company, was revisited by a Wall Street analyst yesterday. H.C. Wainwright’s analyst Heiko Ihle reiterates their Buy rating on the shares, with a C$3.60 price target.
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 8.5% and a 46.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Largo Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$3.60.
Based on Largo Resources’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of C$48.99 million and GAAP net loss of C$294K. In comparison, last year the company earned revenue of C$29.43 million and had a GAAP net loss of C$9.72 million.
Largo Resources Ltd. operates as a natural resource development and exploration company. It is focused on the exploration and development of vanadium and tungsten projects in Brazil and Canada. In Brazil, the company currently holds interest in the maracás vanadium, currais novos tungsten tailings and campo alegre de lourdes iron-vanadium projects.
The company’s shares closed on Tuesday at C$1.76, close to its 52-week high of C$1.89.
http://www.markets.co/...go-resources-tsx-lgo-still-has-room-to-grow/
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