CIBC Lowers Victoria Gold (TSE:VGCX) to Underperform

CIBC cut shares of Victoria Gold (TSE:VGCX) from a neutral rating to an underperform rating in a research note issued to investors on Tuesday morning, BayStreet.CA reports. CIBC currently has C$4.00 target price on the stock, down from their prior target price of C$10.00.

A number of other brokerages also recently issued reports on VGCX. Ventum Financial raised their price objective on Victoria Gold from C$13.00 to C$14.00 in a research report on Tuesday, May 28th. HC Wainwright raised their price objective on Victoria Gold from C$18.00 to C$19.00 in a research report on Thursday, May 16th. BMO Capital Markets downgraded Victoria Gold from an outperform rating to a market perform rating in a research report on Tuesday. Finally, Pi Financial lowered their price objective on Victoria Gold from C$16.00 to C$14.00 in a research report on Wednesday, March 6th.

Victoria Gold Price Performance

Shares of VGCX opened at C$1.18 on Tuesday. Victoria Gold has a 1 year low of C$1.00 and a 1 year high of C$9.45. The company has a debt-to-equity ratio of 40.04, a current ratio of 2.15 and a quick ratio of 0.34. The company has a market capitalization of C$79.92 million, a price-to-earnings ratio of 5.13 and a beta of 1.76. The business has a 50-day moving average of C$7.07 and a 200-day moving average of C$6.67.

Victoria Gold Company Profile

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.