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An announcement from Largo Resources ( (TSE:LGO) ) is now available.
On June 11, 2025, Largo Inc. announced a $10 million non-recourse factoring facility through its subsidiary, Largo Resources USA, to improve working capital by monetizing accounts receivable from vanadium product sales. This facility, which can potentially expand to $30 million, allows Largo to access liquidity more quickly, aligning cash inflows with expenditures and supporting operational stability and sales improvement efforts.
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 Inc. 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, Largo serves industries such as steel, aerospace, defense, chemical, and energy storage. The company is also invested in the long-duration energy storage sector through its joint venture, Storion Energy.
Average Trading Volume: 31,670
Technical Sentiment Signal: Sell
Current Market Cap: C$112.9M
See more data about LGO stock on TipRanks’ Stock Analysis page.