According to The Fly, in a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Vista Gold (TSX: VGZ). Analyst Heiko Ihle from H.C. Wainwright rated Vista Gold (TSX: VGZ) a Buy today.
Ihle wrote:
“We maintain our Buy recommendation and C$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 0 stars on 0-5 star ranking scale 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.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vista Gold.
Based on Vista Gold’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$2.48 million. In comparison, last year the company had a GAAP net loss of C$3.33 million.
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.
The company’s shares closed on Friday at C$0.73.
