Victoria Gold (TSE:VGCX) Cut to Sell at Desjardins

Victoria Gold (TSE:VGCX) was downgraded by analysts at Desjardins from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. They currently have a C$6.75 price target on the stock, down from their prior price target of C$15.75. Desjardins’ price objective would suggest a potential upside of 415.27% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of Victoria Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Pi Financial decreased their target price on shares of Victoria Gold from C$16.00 to C$14.00 in a research report on Wednesday, March 6th. Ventum Financial boosted their target price on shares of Victoria Gold from C$13.00 to C$14.00 in a research report on Tuesday, May 28th. HC Wainwright boosted their target price on shares of Victoria Gold from C$18.00 to C$19.00 in a research report on Thursday, May 16th. Finally, CIBC downgraded shares of Victoria Gold from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from C$10.00 to C$4.00 in a research report on Tuesday.

Victoria Gold Price Performance

VGCX traded down C$0.05 during trading on Wednesday, hitting C$1.31. 3,992,867 shares of the company traded hands, compared to its average volume of 396,347. Victoria Gold has a 1 year low of C$1.00 and a 1 year high of C$9.45. The company has a current ratio of 2.15, a quick ratio of 0.34 and a debt-to-equity ratio of 40.04. The stock’s 50-day simple moving average is C$7.30 and its two-hundred day simple moving average is C$6.74. The company has a market cap of C$88.73 million, a PE ratio of 5.57 and a beta of 1.76.

About Victoria Gold

Victoria Gold Corp. acquires, explores, and operates mineral properties in Canada and the United States. The company primarily explores for gold deposits. Its flagship property is 100% owned Dublin Gulch property, which hosts the Eagle and Olive Gold deposit covering an area of approximately 555 square kilometers located in central Yukon, Canada.