|Bid||2.92 x 0|
|Ask||2.97 x 0|
|Day's Range||2.89 - 2.98|
|52 Week Range||0.81 - 3.09|
|PE Ratio (TTM)||10.73|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.90|
TORONTO , Sept. 19, 2018 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (LGO.TO) (LGORF) is pleased to announce today that it will redeem US$15 million in aggregate principal amount, representing 10% of the US$150 million aggregate principal amount currently outstanding, of its 9.25% Senior Secured Notes due 2021 (the "Notes") on September 20, 2018 (the "Redemption Date"). The redemption price will be equal to $1,050 per $1,000 principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, up to, but not including, the Redemption Date. The notice of partial redemption containing information required by the indenture governing the Notes, including the redemption price, was sent by the trustee to registered holders of the Notes on August 20, 2018 .
Largo Resources CEO Mark Smith to Present at 20th Annual Global Investment Conference in New York City on September 4-6, 2018
Largo Resources Reports Record Second Quarter 2018 Cash Flows Before Non-Cash Working Capital Items of $77.7 Million, on Revenues of $103.3 Million
This analysis is intended to introduce important early concepts to people who are starting to invest and want to start learning about core concepts of fundamental analysis on practical examplesRead More...
TORONTO , Aug. 2, 2018 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (LGO.TO) (LGORF) is pleased to announce that, further to its press release of July 17, 2018 , it has now repaid in full an aggregate of US$144.1 million in debt owing to the Brazilian Development Bank ("BNDES") and to Largo's syndicate of commercial lenders comprised of Itaú Unibanco S.A., Banco Bradesco S.A. and Banco Votorantim S.A. (collectively, the "Syndicate"), being all amounts owing to the BNDES and the Syndicate (the "Repayment"). The Repayment was a condition of Largo's US$150 million note offering (the "Offering") which was completed on May 22, 2018 (see press release of same date) pursuant to which Largo was provided with 180 days in which to satisfy the escrow release conditions and provide a pledge over all of the shares it holds in its operating subsidiary, Vanadio de Maracás S.A (the "Pledge"). Having completed the Repayment, Largo is now working to discharge the existing security and anticipates having the Pledge in place well in advance of the deadline provided for under the Offering.
TORONTO, July 26, 2018-- CIH– Largo Resources Ltd. Series, A Series of Cranley Investments Holdings, LLC, an entity managed by Mr. Alberto Beeck, a director of Largo Resources Ltd., has reduced its ownership ...
TORONTO , July 20, 2018 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (LGO.TO) (LGORF) announces that, further to its earlier press release today, it has obtained a receipt for the filing of its final short form prospectus in connection with the previously announced secondary offering of common shares. The common shares subject to the offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act") and may not be offered or sold in the United States absent registration under or an applicable exemption from the registration requirements of the Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares herein described, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
TORONTO , July 17, 2018 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (LGO.TO) (LGORF) is pleased to provide guidance on its expected revenue for the three month period ending June 30, 2018 anticipating revenue of between CDN$99 million and CDN$107 million , a new quarterly revenue record for the Company. The increase to revenue is expected to be driven largely by the upward movement in vanadium pentoxide ("V2O5") pricing and increased production when compared to Q2 2017. The price range of V2O5 for the last week of Q2 2018, as reported by the European Metal Bulletin, was US$17.00 /lb V2O5 to US$17.50 /lb V2O5 as compared to US$5.35 /lb V2O5 to US$6.00 /lb V2O5 for the last week of Q2 2017. Management anticipates that the overall benefit of the increased revenues will be tempered by increases in corresponding royalty expenses and certain largely non-cash foreign exchange adjustments anticipated to be required as a result of the weakening of the Brazilian Real against the USD given that certain of the Company's debts in Brazil are denominated in USD.
TORONTO , June 22, 2018 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (LGO.TO) (LGORF) reports that it filed a preliminary short form prospectus with the securities regulatory authorities in the provinces of British Columbia , Alberta , Manitoba and Ontario in connection with a proposed marketed secondary offering of 70,977,885 common shares (the "Offering") by the Selling Shareholders listed below. The Offering will be priced in the context of the market. The Company will not receive any of the proceeds of the Offering. All proceeds (net of underwriting fees) will be paid to the Selling Shareholders.
Further updates to the market will be provided upon any material development. Largo is a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder at the Maracás Menchen Mine located in Bahia State, Brazil.
TORONTO , May 29, 2018 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (LGO.TO) (LGORF) is pleased to announce that the Company has been upgraded from the OTCQB® Venture Market and will commence trading on the OTCQX® Best Market ("OTCQX") under the symbol LGORF effective immediately. The Company's common shares will continue to trade on the Toronto Stock Exchange under the symbol LGO.
NEW YORK , May 29, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Largo Resources Ltd. (TSX: LGO; OTCQX: ...
TORONTO , May 22, 2018 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (LGO.TO) (LGORF) announces the closing of its private placement offering of US$150 million (the "Offering") aggregate principal amount of senior secured notes due in 2021 (the "Notes"). As previously announced on May 17, 2018 , the net proceeds of the Offering, being approximately US$143 million after deduction of the 2% original issue discount, fees and certain expenses of the offering, have been deposited into an escrow account in favour of the Note holders pending satisfaction of certain conditions precedent including, among other things, receipt of consent of the Brazilian National Economic and Social Development Bank ("BNDES") for the early payment of our credit facilities with them. Upon release from escrow, the net proceeds of the Offering will be used, together with cash on hand, to repay in full Largo's existing debts with both the BNDES and its syndicate of commercial lenders (Itau´ Unibanco S.A., Banco Votorantim S.A. and Banco Bradesco S.A.), plus accrued and unpaid interest, and to pay fees and expenses in connection therewith.
Rating Action: Moody's assigns B2 CFR to Largo Resources Ltd. Toronto, May 17, 2018 -- Moody's Investors Service (Moody's) assigned first-time ratings to Largo Resources Ltd., consisting of a B2 corporate family rating (CFR), a B2-PD probability of default rating (PDR), a B2 senior secured rating and an SGL-2 liquidity rating. Largo Resources' proposed financing is for US$150 million of senior secured notes due 2021.
TORONTO , May 17, 2018 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (LGO.TO) (LGORF) announces the successful, same-day launch and pricing of its private note offering totaling US$150.0 million in aggregate principal amount. Upon closing of the Offering, the net proceeds of the Offering (being approximately US$142M , after deduction of the original issue discount of 2% and the payment of commissions, fees and expenses of the Offering), will be deposited into an escrow account in favour of the note holders pending, among other things, receipt of consent of the Brazilian National Economic and Social Development Bank ("BNDES") for the early payment of our credit facilities with them. If the escrow release conditions are not satisfied on or before the 180th day following closing, Largo will be required to redeem all the outstanding notes in cash at a redemption price equal to the issue price plus accrued interest. Largo believes that it will meet the escrow release conditions within this timeframe.
Largo Resources Ltd. Announces Completion of Restructuring of Debt Facilities with Banco Pine