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The latest update is out from Largo Resources ( (TSE:LGO) ).
Largo Inc. reported significant improvements in its operational turnaround efforts at the Maracás Menchen Mine, with May 2025 production of vanadium pentoxide and ilmenite concentrate increasing by 75% and 65%, respectively, compared to April 2025. The company attributes this success to enhanced access to key mining areas and improved plant stability, which are part of its strategic initiatives to optimize resource recovery and reduce waste. Despite receiving a default notice from a counterparty for a delivery issue, Largo remains optimistic about its production outlook for June 2025, expecting to meet its annual production guidance.
The most recent analyst rating on (TSE:LGO) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.
Spark’s Take on TSE:LGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGO is a Neutral.
Largo Resources’ overall stock score is primarily impacted by its financial performance challenges and bearish technical indicators. However, recent positive corporate events, including production gains and improved liquidity, provide some optimism. The need to address profitability and revenue generation remains a critical focus for the company.
To see Spark’s full report on TSE:LGO stock, click here.
More about Largo Resources
Largo is a globally recognized supplier of high-quality vanadium and ilmenite products, sourced from its world-class Maracás Menchen Mine in Brazil. As one of the world’s largest primary vanadium producers, Largo produces critical materials for various industries, including steel, aerospace, defense, chemical, and energy storage sectors. The company is also involved in the long-duration energy storage sector through its joint venture, Storion Energy.
Average Trading Volume: 30,920
Technical Sentiment Signal: Sell
Current Market Cap: C$112.9M
For an in-depth examination of LGO stock, go to TipRanks’ Overview page.