Open an account

Largo

LGO · TORONTO

$0.4079−$0.0092 (−2.21%)TodayMarket closed ·
Prev close $0.4171

LGO analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.
  • Strong buy0
  • Buy2
  • Hold0
  • Underperform0
  • Sell0

12-month price target · 2 analysts

Average $1.70 (+317.3% upside)

Low
$1.69
Now
$0.4079
High
$1.75

Upgrades and downgrades

The latest rating actions, newest first

LGO analyst upgrades, downgrades and rating actions
FirmDateActionRating
Maxim GroupJul 24, 2026InitiatesBuy
HC Wainwright & Co.Jul 7, 2026MaintainsBuy
HC Wainwright & Co.Apr 20, 2026MaintainsBuy
HC Wainwright & Co.Jan 14, 2026MaintainsBuy
HC Wainwright & Co.Nov 13, 2025MaintainsBuy

The case for and against

Updated Oct 7, 2026

Bull case

Largo is supported by a strengthened strategic position after its June30, 2026 U.S. Defense Logistics Agency award, which qualifies it as an approved supplier for the U.S. defense industrial base and covers up to 2,876 metric tonnes of high-purity V2O5 at a premium price that rises 10% annually. Operational momentum also looks compelling, with 1Q26 production up 102% YoY to 2,616 t, ore mined up 91% YoY to 852,046 t, and 2026 guidance of 10,500–12,000 t production and 7,500–9,500 t sales, while 1H26 sales are forecast to rise 52% to 5,391 t. Beyond vanadium, the planned sale of copper, platinum group metals, nickel, and cobalt as by-products through existing infrastructure, plus an undervalued Storion JV, should enhance diversification, margins, and cash flow.

Bear case

Largo is facing a negative fundamental setup because the February 23, 2026 termination of its iron ore calcine agreement removed a potential $56.0M sales channel tied to up to 4.5Mt of inventory, reducing near-term monetization visibility. The counterparty’s failure to meet the initial $2.9M payment obligation highlights execution and credit risk, while leaving Largo with full ownership of the inventory and no completed disposal. Although management says there are several active potential buyers, the asset remains unsold, so cash realization and balance-sheet support from this inventory are still uncertain.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.