
LGO Stock Forecast & Price Target
LGO Analyst Ratings
Bulls say
Largo is well positioned for long-term growth with its recent $147 million U.S. government contract that provides a guaranteed premium price for 575t per year of vanadium. Management is focused on increasing production and efficiency, as well as diversifying revenue through the potential production and sale of by-products such as copper, platinum group metals, nickel, and cobalt. Financially, Largo's NAV estimate for its Maracás Menchen Mine is $274.6M and with potential revenue from by-products and its Storion JV, the company's overall valuation is estimated at $237.2M, with a price target of $2.80 per share.
Bears say
Largo is facing challenges in its sales and trading segment due to the recent termination of its iron ore calcine agreement, which was originally expected to bring in $56.0M in revenue. With this deal falling through and the company's counterparty failing to meet payment obligations, Largo's initial plans for monetization of this asset have been disrupted. The company will now need to rely on finding new buyers for this asset in order to generate revenue from it.
This aggregate rating is based on analysts' research of Largo Resources LTD and is not a guaranteed prediction by Public.com or investment advice.
LGO Analyst Forecast & Price Prediction
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