H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Vista Gold Corp (NYSE: VGZ) today and set a price target of $2.50. The company’s shares closed on Friday at $0.55.
Ihle commented:
“We maintain our Buy recommendation and $2.50 per share price target. Our valuation remains based on a DCF of anticipated operations at Mt Todd, using an unchanged 10% discount rate. We continue to view the current share price as a buying opportunity, and note that our site visit a few months ago displayed substantial progress.”
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.8% and a 21.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Vista Gold Corp has an analyst consensus of Strong Buy, with a price target consensus of $1.99, implying a 261.8% upside from current levels. In a report issued on October 25, Roth Capital also initiated coverage with a Buy rating on the stock with a $1.40 price target.
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The company has a one-year high of $0.87 and a one-year low of $0.45. Currently, Vista Gold Corp has an average volume of 123.1K.
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Vista Gold Corp. is a gold mining, development and exploration company. It is engaged in the evaluation, acquisition, exploration, and advancement of gold and potential development projects. The company holds interest in the Mt. Todd gold project in Australia, the Guadalupe de los Reyes gold project in Mexico and the Long Valley gold project in California.
