CIBC Downgrades Victoria Gold (TSE:VGCX) to Underperform

Victoria Gold (TSE:VGCX) was downgraded by equities research analysts at CIBC from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, BayStreet.CA reports. They currently have a C$4.00 price objective on the stock, down from their prior price objective of C$10.00. CIBC’s target price indicates a potential upside of 212.50% from the company’s previous close.

VGCX has been the subject of several other research reports. HC Wainwright boosted their target price on Victoria Gold from C$18.00 to C$19.00 in a research report on Thursday, May 16th. Pi Financial dropped their target price on Victoria Gold from C$16.00 to C$14.00 in a research report on Wednesday, March 6th. BMO Capital Markets downgraded shares of Victoria Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Ventum Financial lifted their price target on shares of Victoria Gold from C$13.00 to C$14.00 in a research note on Tuesday, May 28th.

Victoria Gold Trading Down 5.9 %

VGCX opened at C$1.28 on Tuesday. The firm has a market cap of C$86.69 million, a P/E ratio of 5.57 and a beta of 1.76. Victoria Gold has a 12 month low of C$1.00 and a 12 month 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 has a 50-day moving average of C$7.19 and a 200 day moving average of C$6.70.

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.