Royal Bank of Canada initiated coverage on shares of Largo Resources (OTCMKTS:LGORF) in a report issued on Thursday, The Fly reports. The firm issued an outperform rating on the stock.
Separately, HC Wainwright reiterated a buy rating on shares of Largo Resources in a report on Thursday, July 11th.
OTCMKTS:LGORF opened at $1.16 on Thursday. The firm’s fifty day simple moving average is $1.35 and its 200 day simple moving average is $1.48. Largo Resources has a twelve month low of $1.07 and a twelve month high of $3.56.
Largo Resources Ltd., a natural resource company, engages in the acquisition, exploration, development, and operation of mining and exploration properties located in Brazil and Canada. It primarily explores for vanadium, iron, tungsten, and molybdenum deposits. The company holds 99.94% in the Maracás Menchen Mine covering an area of 17,690 hectares located in the eastern Bahia State of Brazil.
Recommended Story: How do candlesticks reflect price movement?
Receive News & Ratings for Largo Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Largo Resources and related companies with MarketBeat.com's FREE daily email newsletter.