Analyst Heiko Ihle of H.C. Wainwright reiterated a Buy rating on Vista Gold (VGZ – Research Report), with a price target of $2.75.
Heiko Ihle’s rating is based on several promising developments surrounding Vista Gold’s Mt Todd project. The company has prioritized the completion of a Feasibility Study by mid-2025, which aims to enhance the reserve grade and significantly reduce initial capital requirements. This study is expected to demonstrate the strong economic potential of the project, potentially attracting institutional investors and funding opportunities.
Furthermore, Ihle highlights the company’s robust financial position, with a solid cash balance and no long-term debt, which supports its strategic initiatives. The anticipated increase in gold reserves and the experienced management team’s progress in advancing the asset contribute to the positive outlook. Despite potential risks such as commodity price fluctuations and political uncertainties, the overall prospects for Mt Todd and the company’s strategic positioning justify the Buy rating.