In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Vista Gold (VGZ – Research Report), with a price target of $3.00. The company’s shares closed last Monday at $0.69, close to its 52-week low of $0.59.
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 12.4% and a 39.4% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Americas Gold and Silver.
Currently, the analyst consensus on Vista Gold is a Moderate Buy with an average price target of $3.00.
Based on Vista Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $3.07 million. In comparison, last year the company had a net profit of $4.22 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VGZ in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vista Gold Corp. engages in the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects. It focuses on Mt. Todd in Northern Territory, Australia project. The company was founded on November 28, 1983 and is headquartered in Littleton, CO.
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