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

Largo Resources (CVE:LGO) had its price objective cut by Royal Bank of Canada from C$8.00 to C$5.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, CIBC reduced their price objective 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 Price 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.