Vista Gold stock price target raised to $3.00 from $2.75 at H.C. Wainwright

Investing.com - H.C. Wainwright raised its price target on Vista Gold Corp (NYSE:VGZ) to $3.00 from $2.75 on Monday, while maintaining a Buy rating on the stock. The new target represents significant upside from the current price of $0.93, though InvestingPro analysis suggests the stock is trading above its Fair Value.

The firm cited Vista Gold’s focus on the near-term completion of its feasibility study (FS) for the Mt Todd project as a key factor in the decision. This study has been the company’s primary focus since publishing its 2025 strategic outlook on February 19, 2025. The company’s strong financial position is evident in its impressive current ratio of 11.01, indicating robust liquidity to fund its development plans.

The upcoming feasibility study targets a reserve grade of 1.0 grams per tonne, aims to reduce initial capital expenditure by approximately 60% to $400 million, and projects annual gold production of 150,000 to 200,000 ounces.

H.C. Wainwright believes the feasibility study will serve as a significant catalyst for Vista Gold and help unlock additional shareholder value. The firm expects Mt Todd’s improved economic viability and reduced capital requirements to attract increased interest from institutional investors and financing partners.

The research firm also noted that Mt Todd’s higher-grade reserve base and easier path to production could position it as one of the more compelling undeveloped gold projects globally, with particular sensitivity to gold price movements. This potential is reflected in the stock’s strong performance, with a 77.58% return over the past year. InvestingPro subscribers can access 8 additional key insights about Vista Gold’s financial health and growth prospects through the comprehensive Pro Research Report.

In other recent news, Vista Gold Corporation reported a net loss of $2.71 million for the first quarter of 2025, compared to a $1.07 million loss in the same period last year. Despite the financial setback, the company maintains a cash position of $15 million with no outstanding debt. Vista Gold is advancing its Mt Todd feasibility study, which aims to significantly reduce capital costs and enhance project viability. The study is expected to be completed by mid-2025 and could serve as a catalyst for value creation. Analysts from H.C. Wainwright have shown interest in the company’s strategic efforts to decrease initial capital costs for the Mt Todd project. The company projects annual gold production of 150,000 to 200,000 ounces once the feasibility study is completed. Vista Gold’s focus on reducing initial capital investment by 60% could attract potential investors and partners. The company continues to engage with stakeholders and manage environmental initiatives at the Mt Todd site.

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