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Experts Commenting on This Company
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Vista Gold Corp.TICKER: VGZ:NYSE.A; VGZ:TSXVista Gold Corp. is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Since Midas' initial public offering, Vista has held approximately 30% of Midas, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
Paolo Lostritto, National Bank Financial (1/19/12) "Vista Gold Corp.'s highlight hole, 11GW-001, hit 1.5m of 5.46 g/t gold and 645.7 g/t silver at 60m below surface. . .drilling has resumed and a second drill is scheduled to arrive shortly. The planned program of 4,000m of core drilling is expected to be completed by the end of the first quarter of 2012. . .the company plans to complete a preliminary economic assessment for an open pit project during 2012. . .we reiterate our Outperform rating and our $4.20 target."
Craig West, GMP Securities (12/14/11) "We are initiating coverage of Vista Gold Corp. with a Buy recommendation and a CA$9.00 target price—our tour of Vista's flagship Mt. Todd project in September and our work on the story over recent months leads us to conclude that Vista Gold has been either misunderstood by the market, or simply missed. Based solely on total resources at Mt. Todd, and excluding cash and 30% equity interest in Midas Gold, the company is currently trading at a valuation of just $8.60 per gold ounce—a heavy discount for a multimillion ounce, feasibility level, brownfield re-start located in a safe jurisdiction. . .looking forward, we believe 2012 could be a milestone year for the company, and expect a number of important catalysts that could help trigger a re-rating of the stock."
Jeff Wright, Global Hunter Securities (12/1/11) "We are initiating coverage of Vista Gold Corp. with Buy rating and $6.75 price target; the company plans to publish an updated and more comprehensive feasibility study in Q112 to further define the economics and capital requirements of recommencing production at Mt. Todd. . .Vista is taking the final steps of moving from project collector to developer by securing all of the permits for the Mt. Todd project and a reclamation bond by end-2012. . .both Vista and the Australian authorities are motivated to work toward the granting of both the environmental and mining permits by the end of 2012."
Marco Rodriguez, Stonegate Securities (11/15/11) "Vista Gold Corp. holds a diversified portfolio of mining assets across low-political risk geographies with 5.4 Moz of proven and probable reserves. . .The robust size of the resource base provides excellent development and production potential. Moreover, the resource base has significant room for growth as inferred gold resource estimates are ~ 4.5 Moz. Furthermore, the Company is expecting to complete a bankable feasibility study toward the end of 2011/early 2012 for its Mt. Todd asset. . .Vista Gold project has the potential to further increase resources."
Marco Rodriguez, Stonegate Securities (9/22/11) "We initiate coverage of Vista Gold Corp., a diversified explorer with promising assets; the company holds a diversified portfolio of mining assets across low political risk geographies. . .the total gold resource estimates totaled 11.6 Moz.; the robust size of the resource base proffers excellent development and production potential. The resource base has significant room for growth as Inferred gold resource estimates are at around 4.5 Moz. . .currently Vista is focusing on two key properties; it is open to a joint venture or third-party involvement in developing other properties."