H.C. Wainwright has increased its price target for Vista Gold (VGZ, Financial), adjusting it upward from $2.75 to $3 while maintaining a Buy rating on the company's shares. This revision is attributed to an updated pricing framework, which influences the revised valuation. Investors may interpret this as a positive sign for VGZ's potential performance in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Vista Gold Corp (VGZ, Financial) is $2.75 with a high estimate of $2.75 and a low estimate of $2.75. The average target implies an upside of 194.97% from the current price of $0.93. More detailed estimate data can be found on the Vista Gold Corp (VGZ) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Vista Gold Corp's (VGZ, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
VGZ Key Business Developments
Release Date: May 02, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Vista Gold Corp (VGZ, Financial) advanced the 15,000 tons per day Mount Todd feasibility study as planned, demonstrating progress towards their 2025 goals.
- The company maintained a strong cash position with $15 million on hand at the end of Q1 2025, supporting ongoing work at Mount Todd.
- Vista Gold Corp (VGZ) achieved 1,264 consecutive days without a lost-time accident, highlighting their commitment to safety.
- The feasibility study aims to significantly reduce initial capital costs, making the project more attractive to potential investors and partners.
- The company has no debt, which strengthens its financial stability and flexibility.
Negative Points
- Vista Gold Corp (VGZ) reported a net loss of $2,708,000 for Q1 2025, an increase from the $1,073,000 loss in Q1 2024.
- The increase in net loss was partly due to the absence of a gain from the sale of used mill equipment, which contributed $802,000 in Q1 2024.
- Mount Todd net expenses for exploration, property evaluation, and holding costs increased, contributing to the higher net loss.
- The company's cash position decreased from $16.9 million at the end of 2024 to $15 million at the end of Q1 2025.
- There is a perceived disconnect between the company's share price and the intrinsic value of the Mount Todd project, partly due to high initial capital investment concerns.
