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

Largo Resources (CVE:LGO) had its price objective lowered by HC Wainwright from C$2.20 to C$1.50 in a research report report published on Monday morning, BayStreet.CA reports.

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

Largo Resources has a 52 week low of C$0.11 and a 52 week high of C$0.81.

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

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.

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