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An update from Largo Resources ( (TSE:LGO) ) is now available.
Largo Inc. reported its financial results for the third quarter of 2025, showing an increase in revenues to $33.3 million compared to $29.9 million in Q3 2024, despite a net loss of $36.6 million primarily due to the derecognition of a deferred tax asset. The company improved its production and reduced operating costs, with adjusted cash operating costs excluding royalties decreasing to $3.03 per pound. Additionally, Largo secured a strategic supply agreement for vanadium electrolyte and battery stacks and raised $23.4 million through a direct offering and private placement. The company is also expanding its ilmenite production capacity and has deferred debt repayments with Brazilian lenders, positioning itself to better navigate geopolitical challenges and market dynamics.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$1.50 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 poor financial performance and negative valuation metrics. Technical analysis further supports a bearish outlook, with the stock showing signs of oversold conditions and trading below key moving averages. The absence of earnings call and corporate events data limits additional insights.
To see Spark’s full report on TSE:LGO stock, click here.
More about Largo Resources
Largo Inc. operates in the mining industry, primarily focusing on the production and sale of vanadium and ilmenite. The company is engaged in the extraction and processing of vanadium pentoxide (V2O5) and ilmenite concentrate, with a market focus on supplying high-purity vanadium products to the aerospace and defense industries in the US and Europe.
Average Trading Volume: 95,062
Technical Sentiment Signal: Sell
Current Market Cap: C$103.9M
See more insights into LGO stock on TipRanks’ Stock Analysis page.