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Largo Resources ( (TSE:LGO) ) just unveiled an announcement.
Largo Inc. has reported significant progress in its operational turnaround efforts, marked by a substantial increase in production rates for vanadium pentoxide and ilmenite concentrate in May 2025. The company achieved a 75% increase in V₂O₅ production and a 65% increase in ilmenite concentrate production compared to April 2025, thanks to enhanced access to key mining areas and improved plant stability. These developments are part of Largo’s broader strategy to optimize resource recovery and enhance sustainable mining practices. Despite a recent default notice from a counterparty regarding V₂O₅ delivery, Largo remains optimistic about its production outlook for June 2025 and aims 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 faces significant financial and technical challenges, with declining revenues and bearish technical indicators. However, positive corporate events provide some support. The overall score reflects the need for strategic improvements to address these challenges.
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 Maracás Menchen Mine in Brazil. As one of the world’s largest primary vanadium producers, it serves industries such as steel, aerospace, defense, chemical, and energy storage. The company is committed to operational excellence and sustainability, and it holds a strategic investment in the long-duration energy storage sector through its joint venture, Storion Energy.
Average Trading Volume: 29,233
Technical Sentiment Signal: Sell
Current Market Cap: C$103.9M
See more data about LGO stock on TipRanks’ Stock Analysis page.