RE:CIBC Bryce Adams =====
Largo Resources Ltd. (LGO-T) currently offers investors a “compelling” risk-reward, said CIBC World Markets analyst Bryce Adams, who initiated coverage of the Toronto-based mineral company, which he calls “one of the few pure plays on vanadium markets,” with an “outperformer” rating.
“Largo Resources is focused on the primary production of vanadium flake, high purity vanadium flake, and high purity vanadium powder at the Maracs Menchen mine located in Bahia State, Brazil,” he said. “Largo is one of only three large-scale primary vanadium producers in the world. Key attributes are 1) high purity product and 2) low cost profile. Largo is one of only a few vanadium producers that can supply high-purity specialty markets.”
He set a $4 target, which exceeds the consensus of 27 cents.
LARGO RESOURCES LTD
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