Victoria Gold (TSE:VGCX) Downgraded by Desjardins to “Sell”

Desjardins downgraded shares of Victoria Gold (TSE:VGCX) from a buy rating to a sell rating in a report issued on Wednesday, BayStreet.CA reports. The firm currently has C$6.75 price target on the stock, down from their prior price target of C$15.75.

Several other brokerages also recently commented on VGCX. HC Wainwright upped their price target on shares of Victoria Gold from C$18.00 to C$19.00 in a report on Thursday, May 16th. Ventum Financial upped their target price on shares of Victoria Gold from C$13.00 to C$14.00 in a research note on Tuesday, May 28th. Pi Financial dropped their target price on shares of Victoria Gold from C$16.00 to C$14.00 in a research note 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, CIBC downgraded shares of Victoria Gold from a neutral rating to an underperform rating and dropped their target price for the stock from C$10.00 to C$4.00 in a research note on Tuesday.

Victoria Gold Stock Performance

Shares of TSE:VGCX opened at C$1.28 on Wednesday. The company has a market capitalization of C$86.69 million, a price-to-earnings 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 firm’s 50-day moving average is C$7.19 and its 200 day moving average is C$6.70. The company has a current ratio of 2.15, a quick ratio of 0.34 and a debt-to-equity ratio of 40.04.

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.