Largo Resources shares jump 10.16% after-hours as H.C. Wainwright raises price target to $3.10 from $2.90, maintaining Buy rating.

Largo Resources surged 10.16% in after-hours trading following H.C. Wainwright’s upgrade of its price target to $3.10 from $2.90, maintaining a "Buy" rating. The firm cited positive geological findings, including copper and platinum-group metal (PGM) potential at Largo’s Maracás Menchen complex, alongside recent asset sales and fundraising efforts to address liquidity needs. The upgraded target, representing a 152% potential upside from the $1.23 price, reflects renewed confidence in the company’s exploration progress and operational strategies despite ongoing financial challenges.