In a report released today, Heiko Ihle from H.C. Wainwright maintained a Buy rating on Vista Gold Corp (VGZ – Research Report), with a price target of $2. The company’s shares closed yesterday at $0.58.
“We note that tests were supposed to confirm two processing improvements of the Batman deposit ore. The first notable improvement was an increase in concentration of gold in fine fraction after the material was processed through the HPGR and screened at 16 millimeters or 5/8 inches. Following this, coarse fraction (>16 millimeters) was sent for further sorting using x-ray transmission and laser sorting tests. The second improvement refers to the gold getting lost in the rejection material was proportionally lower while sorting higher-grade ore from the Batman deposit. The lower gold loss in high- grade ore can be attributed to the brittle behavior of the sulfide minerals, quartz calcite veining in which the gold was contained. Meanwhile the more coherent and non-mineralized host rock maintains a coarser texture following HPGR crushing.”
According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.2% and a 26.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
Currently, the analyst consensus on Vista Gold Corp is a Moderate Buy with an average price target of $1.95.
Based on Vista Gold Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $2.06 million. In comparison, last year the company had a GAAP net loss of $3.85 million.
Based on the recent corporate insider activity of 9 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. Most recently, in December 2018, Michael Richings, the Exec. Chairman of VGZ bought 37,500 shares for a total of $13,500.
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. 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.