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Vista Gold (TSE:VGZ)
:VGZ

Vista Gold (VGZ) AI Stock Analysis

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Vista Gold

(NYSE MKT:VGZ)

61Neutral
Vista Gold's overall score reflects a strong balance sheet and positive technical momentum, but is constrained by a lack of revenue and ongoing losses. Valuation metrics suggest reasonable pricing, though the absence of dividends is a downside. Despite strategic advancements, profitability challenges persist.
Positive Factors
Feasibility Study
The completion of the Feasibility Study for Mt Todd is a top priority, aiming to increase reserve grade and cut initial capital requirements, enhancing the project's economic potential.
Financial Strength
Vista Gold's strong balance sheet with $17.0M in cash and no long-term debt supports its long-term potential to deliver shareholder value.
Institutional Interest
The upcoming Feasibility Study is likely to attract meaningful interest from institutional investors and provide a path to production, positioning Mt Todd as one of the most attractive gold assets.
Negative Factors
Project Risks
There are risks associated with commodity prices, operating and technical challenges, political factors, and financing that could impact the project's success.

Vista Gold (VGZ) vs. S&P 500 (SPY)

Vista Gold Business Overview & Revenue Model

Company DescriptionVista Gold Corp. (VGZ) is a mining and exploration company focused on the gold sector. The company is primarily engaged in the evaluation, acquisition, exploration, and advancement of gold projects in North America. Vista Gold's flagship asset is the Mt Todd gold project located in Northern Territory, Australia, which is one of the largest undeveloped gold projects in the region. Vista Gold aims to advance this project towards development while also exploring other opportunities to expand its portfolio.
How the Company Makes MoneyVista Gold makes money through the exploration and potential development of gold mining projects. The company's revenue model is primarily based on the advancement of its Mt Todd gold project, which involves increasing the project's value through exploration, technical studies, and permitting activities. Additionally, Vista Gold may generate income through strategic partnerships, joint ventures, or by selling or leasing its interests in mining projects. The company may also benefit from fluctuations in gold prices, as higher gold prices can increase the potential profitability of its projects.

Vista Gold Financial Statement Overview

Summary
Vista Gold's financial health is characterized by a strong balance sheet with zero debt and significant equity, but it struggles with no revenue and consistent losses impacting its income statement. Cash flow management has been prudent, yet negative free cash flow persists. The company's sustainability hinges on its ability to generate revenue and transform its operational structure.
Income Statement
15
Very Negative
Vista Gold's income statement reveals persistent challenges with no recorded revenue and consistent operating losses. The company showed a notable increase in EBIT and net income for the TTM, but this is primarily due to cost management rather than revenue generation. The absence of revenue and a history of losses significantly constrain profitability metrics, leading to a low score.
Balance Sheet
60
Neutral
The balance sheet reflects a solid equity position with zero debt, indicating a conservative capital structure. The equity ratio is strong, and the company has a history of maintaining low liabilities relative to assets. Despite this stability, the lack of revenue generation remains a concern, limiting further improvements in the score.
Cash Flow
50
Neutral
Cash flow analysis shows significant reliance on financing and investing activities to maintain operations, with negative free cash flow across periods. Operating cash flow remains negative, yet the management of cash and investments has bolstered liquidity. The negative free cash flow growth and reliance on external funding sources limit the score.
Breakdown
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
0.000.000.000.000.00
Gross Profit
0.00-45.00K-49.00K-48.00K-52.00K
EBIT
-6.72M-5.45M-15.34M-2.26M-8.09M
EBITDA
-6.72M-8.29M-11.89M-8.32M-8.03M
Net Income Common Stockholders
-6.58M-4.41M-18.59M8.95M-10.91M
Balance SheetCash, Cash Equivalents and Short-Term Investments
6.07M8.11M13.14M8.46M8.34M
Total Assets
8.93M10.99M16.34M17.23M16.68M
Total Debt
0.000.000.0013.00K8.00K
Net Debt
-6.07M-8.11M-12.76M-7.75M-1.40M
Total Liabilities
3.98M957.00K2.05M1.38M4.04M
Stockholders Equity
4.95M10.03M14.29M15.85M12.65M
Cash FlowFree Cash Flow
-5.91M-7.42M-10.76M-7.02M-7.09M
Operating Cash Flow
-5.86M-7.41M-10.62M-6.96M-7.05M
Investing Cash Flow
2.95M2.88M2.63M11.63M7.38M
Financing Cash Flow
871.00K-113.00K12.98M1.68M13.00K

Vista Gold Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.24
Price Trends
50DMA
1.11
Positive
100DMA
0.98
Positive
200DMA
0.92
Positive
Market Momentum
MACD
0.07
Negative
RSI
52.91
Neutral
STOCH
47.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VGZ, the sentiment is Positive. The current price of 1.24 is above the 20-day moving average (MA) of 1.19, above the 50-day MA of 1.11, and above the 200-day MA of 0.92, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 52.91 is Neutral, neither overbought nor oversold. The STOCH value of 47.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:VGZ.

Vista Gold Risk Analysis

Vista Gold disclosed 38 risk factors in its most recent earnings report. Vista Gold reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Vista Gold Peers Comparison

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSMMY
80
Outperform
C$144.51M5.5215.35%210.78%
TSVGZ
61
Neutral
C$154.79M10.2198.42%
TSTAU
55
Neutral
C$203.80M53.85-0.81%12.63%
TSFF
51
Neutral
C$178.25M-6.34%-158.67%
TSITH
51
Neutral
$197.49M-6.34%-5.56%
49
Neutral
$1.95B-1.37-21.20%3.73%0.84%-29.84%
TSMFG
36
Underperform
C$196.71M-51.05%17.11%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:VGZ
Vista Gold
1.24
0.58
87.88%
TSE:ITH
International Tower Hill Mines
0.95
0.04
4.40%
TSE:TAU
Benchmark Metals Inc
0.86
0.18
26.47%
TSE:MMY
Monument Mining
0.44
0.29
193.33%
TSE:FF
First Mining Gold
0.16
0.00
0.00%
TSE:MFG
Mayfair Gold
1.80
-0.64
-26.23%

Vista Gold Earnings Call Summary

Earnings Call Date:Apr 25, 2025
(Q1-2025)
|
% Change Since: -12.06%|
Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment Neutral
Vista Gold made significant progress toward its goals with the advancement of the Mt Todd feasibility study and maintained a strong safety record. Despite the positive market conditions for gold, the company faced a higher net loss and increased site costs, but maintained a strong cash position.
Q1-2025 Updates
Positive Updates
Advancement of Mt Todd Feasibility Study
The feasibility study for Mt Todd is progressing as planned, targeting a 60% reduction in capital costs, now estimated to be approximately $400 million. The goal is to complete the study by mid-2025.
Strong Safety Record
Vista Gold achieved 1,264 consecutive days without a lost-time accident on site, emphasizing their commitment to safety.
Solid Cash Position
The company ended the first quarter of 2025 with $15 million in cash and no debt, maintaining a strong financial position to support ongoing work at Mt Todd.
Positive Market Conditions
The gold price in Australian dollars is at record highs around $5,000 per ounce, which is favorable for the profitability of the Mt Todd project.
Negative Updates
Increased Net Loss
Vista Gold reported a net loss of $2,708,000 for Q1 2025, compared to a net loss of $1,073,000 for Q1 2024, primarily due to the absence of a gain from mill equipment sales and increased site costs.
Reduced Cash Reserves
Cash reserves decreased from $16.9 million at the end of 2024 to $15 million at the end of Q1 2025, due to expenditures for the feasibility study and recurring costs.
Increased Mt Todd Site Costs
Total feasibility and other Mt Todd site costs in Q1 2025 were $1,688,000, with only $150,000 capitalized as development costs, leading to a net expense increase of $786,000 compared to Q1 2024.
Company Guidance
During the first quarter of 2025, Vista Gold Corp. made significant progress toward its goals by advancing the 15,000 ton per day Mt Todd feasibility study, which is on track for mid-2025 completion. The company successfully maintained a streak of 1,264 consecutive days without a lost-time accident on site and ended the quarter with a strong cash position of $15 million, despite a reduction from $16.9 million at the end of 2024 due to feasibility study expenditures and recurring costs. Vista reported a net loss of $2,708,000 for Q1 2025, compared to a net loss of $1,073,000 in Q1 2024, with increases in Mt Todd net expenses being a primary factor. The company is focused on maintaining its no-debt status while managing an estimated $6.5 million in net recurring costs and an additional $3 million for Mt Todd work plans over the next 12 months.

Vista Gold Corporate Events

Business Operations and StrategyFinancial Disclosures
Vista Gold Reports Q1 2025 Financials and Advances Mt Todd Project
Neutral
May 1, 2025

Vista Gold Corp. announced its first quarter 2025 financial results, highlighting a cash position of $15.0 million and a net loss of $2.7 million. The company is advancing its Mt Todd gold project with a feasibility study aimed at increasing reserve grade and optimizing mine scheduling, while reducing initial capital expenditure. This strategic focus is expected to unlock shareholder value and align with the current gold cycle, potentially accelerating value creation.

Spark’s Take on TSE:VGZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:VGZ is a Neutral.

Vista Gold’s overall stock score reflects a mixed financial performance with a solid balance sheet but lacking revenue generation. The positive technical indicators and reasonable valuation suggest potential for growth, supported by strategic initiatives and project advancements. The company’s ability to improve its revenue and operational efficiency will be crucial for future success.

To see Spark’s full report on TSE:VGZ stock, click here.

Business Operations and Strategy
Vista Gold to Showcase Mt Todd Project at Mining Forum Europe 2025
Positive
Mar 28, 2025

Vista Gold Corp. announced that its President and CEO, Frederick H. Earnest, will present at the Mining Forum Europe 2025 conference in Zurich, Switzerland, highlighting the company’s strategic initiatives and development plans. The presentation, along with meetings with institutional investors, underscores Vista Gold’s commitment to advancing the Mt Todd project and enhancing its industry positioning, potentially impacting stakeholders by showcasing its growth opportunities and operational readiness.

Business Operations and StrategyFinancial Disclosures
Vista Gold Corp. Reports Strong 2024 Financial Results and Advances Mt Todd Project
Positive
Feb 28, 2025

Vista Gold Corp. announced its 2024 financial results, highlighting a strong financial position with $16.9 million in cash and a net income of $11.2 million, a significant turnaround from the previous year’s loss. The company is advancing its Mt Todd project with a new feasibility study aimed at reducing initial capital expenditure and increasing gold production, positioning it for near-term development and long-term success.

Product-Related AnnouncementsBusiness Operations and Strategy
Vista Gold to Showcase Mt Todd Project at PDAC 2025
Positive
Feb 26, 2025

Vista Gold Corp. announced its participation in the Prospectors & Developers Association of Canada 2025 Convention, aiming to showcase the Mt Todd project as a premier ready-to-build gold project. The company will engage with attendees to discuss the project’s potential and strategic advancements, highlighting its position within the gold sector and the value it offers to stakeholders.

Business Operations and Strategy
Vista Gold Targets Value Realization with 2025 Strategic Initiatives
Positive
Feb 19, 2025

Vista Gold Corp. has announced its 2025 strategic outlook, emphasizing the completion of the Mt Todd feasibility study as a cornerstone for delivering value to shareholders. The study is expected to position Mt Todd as a significant development opportunity in the gold sector by increasing the reserve grade and reducing initial capital expenditures. The company aims to attract a diverse range of investors and is committed to maintaining safety and operational efficiency, highlighting over three years without a lost time incident at Mt Todd.

Product-Related AnnouncementsBusiness Operations and Strategy
Vista Gold’s 2024 Drilling at Mt Todd Indicates Potential Reserve Increase
Positive
Feb 4, 2025

Vista Gold Corp. has announced promising results from its 2024 drilling program at the Mt Todd project, indicating a potential increase in gold mineral reserves in the Batman deposit. The drilling also successfully delineated the South Cross Lode, presenting opportunities to expand the mineral resource shell. These results are expected to be incorporated into an updated mineral resources estimate and feasibility study, potentially enhancing the company’s resource base and operational prospects.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.