Maxim keeps USD 2.00 target for Largo stock

Published on 10/15/2026 at 20:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

In the second quarter of 2026, revenue rose 68.50 percent to USD 44.00 million. Largo stock costs EUR 0.38 on October 15, 2026.

Analyst target and results

Maxim Group maintained a USD 2.00 target for Largo on October 14, 2026.
Second-quarter 2026 revenue rose 68.50 percent to USD 44.00 million.
Largo stock costs EUR 0.38 at Lang & Schwarz on October 15, 2026 at 8:11 p.m. CEST.
Largo had a USD 31.8 million market capitalization and a negative 0.39 P/E ratio on October 15, 2026.

LGO, CA5170971017, Illustration mit AI erstellt.

Maxim Group maintained its Buy rating and a USD 2.00 price target for Largo on October 14, 2026, according to The Globe and Mail. Largo stock was trading at EUR 0.38 at Lang & Schwarz on October 15, 2026 at 8:11 p.m. CEST.

Revenue improved in the second quarter

Largo reported USD 44.00 million in revenue for the second quarter of 2026, an increase of 68.50 percent from the prior-year period. Adjusted EBITDA returned to positive territory at USD 2.70 million, compared with USD 34,000 a year earlier, according to the company's earnings-call transcript carried by Yahoo Finance. The quarter still ended with a net loss of USD 22.70 million.

The improvement was led by vanadium sales and higher pricing. Management also said cash provided before working-capital items increased to USD 6.60 million from USD 2.20 million in the prior-year period.

Valuation and listing remain central

Largo had a market capitalization of USD 31.8 million and a negative 0.39 P/E ratio on October 15, 2026. The finance profile lists Largo in Basic Materials and Industrial Materials, while the company trades on Nasdaq and the Toronto Stock Exchange under LGO, as stated in a company release reproduced by FinanzNachrichten.

The same release said Largo generated USD 4.70 million from copper and platinum-group-metal concentrate sales, with an operating profit margin above 90.00 percent. That figure adds a higher-margin product line to the vanadium business and gives investors a separate operating metric to track.

Price and market context

The quoted USD 0.43 price on the primary listing was above its USD 0.40 52-week low on October 15, 2026. Largo's 52-week high was USD 1.93, leaving the stock below that level. The Nasdaq listing gives the company access to US capital markets, while the Toronto listing remains part of its Canadian trading base.

Maxim's USD 2.00 target remains a dated analyst reference rather than a forecast made by this report. Largo's next investor-calendar event was not assigned a future date on the company's presentations page as of October 14, 2026.