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

Desjardins cut shares of Victoria Gold (TSE:VGCX) from a buy rating to a sell rating in a report released on Wednesday morning, BayStreet.CA reports. They currently have C$6.75 target price on the stock, down from their prior target price of C$15.75.

Several other research firms also recently commented on VGCX. Pi Financial decreased their price objective on shares of Victoria Gold from C$16.00 to C$14.00 in a report on Wednesday, March 6th. Ventum Financial upped their price objective on shares of Victoria Gold from C$13.00 to C$14.00 in a report on Tuesday, May 28th. CIBC downgraded shares of Victoria Gold from a neutral rating to an underperform rating and decreased their price objective for the company from C$10.00 to C$4.00 in a report on Tuesday. BMO Capital Markets downgraded shares of Victoria Gold from an outperform rating to a market perform rating in a research note on Tuesday. Finally, HC Wainwright upped their price target on shares of Victoria Gold from C$18.00 to C$19.00 in a research note on Thursday, May 16th.

Victoria Gold Price Performance

TSE:VGCX opened at C$1.06 on Wednesday. Victoria Gold has a one year low of C$1.00 and a one year high of C$9.45. The company has a market cap of C$71.79 million, a P/E ratio of 4.61 and a beta of 1.76. The firm’s fifty day moving average price is C$6.95 and its two-hundred day moving average price is C$6.63. The company has a debt-to-equity ratio of 40.04, a current ratio of 2.15 and a quick ratio of 0.34.

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.