H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Vista Gold Corp (VGZ) today and set a price target of $2.50. The company’s shares closed yesterday at $0.54.
Ihle observed:
“We maintain our Buy rating and our PT of $2.50 per share. Our valuation remains based on a DCF of anticipated operations at the firm’s Mt Todd project, using an unchanged 10% discount rate.”
According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.5% and a 25.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Northern Dynasty Minerals.
Vista Gold Corp has an analyst consensus of Moderate Buy, with a price target consensus of $2.50.
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Based on Vista Gold Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.65 million. In comparison, last year the company had a GAAP net loss of $948K.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, John M. Clark, a Director at VGZ sold 8,000 shares for a total of $5,840.
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Vista Gold Corp. is a gold project developer, which engages in the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects. Its project inlcude Mt. Todd in Northern Territory, Australlia. The company was founded on November 28, 1983 and is headquartered in Littleton, CO.
