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The latest update is out from Largo Resources ( (TSE:LGO) ).
Largo Inc. has signed a definitive multi-year Ex Works agreement through its Brazilian subsidiary to sell up to 4.5 million tonnes of iron ore calcine stockpiled material, generating expected cash proceeds of more than US$56 million, with initial payments scheduled in early 2026 followed by monthly installments from April 2026. The transaction is intended to bolster Largo’s near-term cash flow, reduce long-term stockpile management and disposal costs, and partially offset pressure from low vanadium prices by monetizing a previously uncaptured byproduct stream, reinforcing the company’s strategic focus on its core vanadium business while unlocking additional value from its operations.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$2.00 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.
The score is primarily held back by weak financial performance, including ongoing losses and cash flow challenges. Technicals are moderately supportive with positive trend signals, but overbought momentum readings raise near-term risk. Valuation remains constrained by negative earnings and the absence of a dividend yield.
To see Spark’s full report on TSE:LGO stock, click here.
More about Largo Resources
Largo Inc. is a globally recognized producer of high-purity vanadium and ilmenite, sourced primarily from its Maracás Menchen Mine in Brazil, and supplies critical materials to the steel, aerospace, defense, chemical and energy storage sectors. The company is vertically integrated, trades on Nasdaq and the TSX under the symbol LGO, holds interests in tungsten and molybdenum projects in Canada and Brazil, and has a 50% stake in Storion Energy, a U.S.-focused joint venture developing electrolyte production for utility-scale vanadium flow battery energy storage.
YTD Price Performance: 41.22%
Average Trading Volume: 99,167
Technical Sentiment Signal: Sell
Current Market Cap: C$154.8M
For an in-depth examination of LGO stock, go to TipRanks’ Overview page.