Largo Resources (LGORF) Gets a Buy Rating from H.C. Wainwright

By Austin Angelo

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Largo Resources (LGORFResearch Report), with a price target of C$1.50. The company’s shares closed last Monday at $0.75.

According to, Ihle is a 5-star analyst with an average return of 22.0% and a 56.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Northern Dynasty Minerals, First Majestic Silver, and Golden Star Resources.

Currently, the analyst consensus on Largo Resources is a Strong Buy with an average price target of $1.39.

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Largo Resources Ltd. engages in the exploration and development of vanadium and tungsten projects in Brazil and Canada. It focuses in the production of vanadium flake, purity vanadium flake and purity vanadium powder. The firm also holds interest in the maracás vanadium, currais novos tungsten tailings and campo alegre de lourdes iron-vanadium projects; and in northern dancer tungsten-molybdenum property located in the Yukon Territory. The company was founded on April 18, 1988 and is headquartered in Toronto, Canada.