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

Largo Resources (CVE:LGO) had its price objective lowered by stock analysts at CIBC from C$7.00 to C$6.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock.

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

Largo Resources Price Performance

Largo Resources has a 52 week low of C$0.11 and a 52 week 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.