VGCX Price Targets - TipRanksIs the 12 month average price target for VGCX of nearly $16.00 CAD by the ~ 1/2 dozen Wallstreet analyst that follow this stock completely off base or is VGCX stock price rediculously undervalued, at a nearly $2100 US gold price?
As per a Google search, "
The average price target for Victoria Gold is C$15.81. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is C$24.02 ,the lowest forecast is C$10.01. The average price target represents 135.63% Increase from the current price of C$6.71." Victoria Gold (VGCX) Stock Price, Quote, News & Analysis - TipRanks.com Then with regard to the below link, I'd love to see Taylor Dart's thoughts on H.C Wainwright analyst's latest analysis / comments and $24.00 price target for VGCX and see how close or far off their thoughts are. You would think that professional analysts would use at least a somewhat similar method of analyzing a company's value yet here we are with a 12 month target price that ranges from C$ 10.01 to C$24.00.
Victoria Gold: A Buy Rating with Untapped Potential at Raven and Beyond - TipRanks.com Looks like we just need to get past today's tax loss selling deadline and those that have been sitting on the fence will resume accumulating shares in preparation for what I expect will be a pretty good year for VGCX. If we get a positive surprise regarding Q4 production results when announced in early January with this $2100 gold price VGCX share price will quite likely break out.
With an AISC cost of about $1450 US per ounce, that equates to about a $650 margin at $2100 US gold. Unfortunately some of those $1887 hedged Q4 ounces are going to cost us some profit but 2024 forward sales and hedging look pretty good (at least for now). The forward gold sales, hedging, etc in 2024 is a two edged sword in that if gold dropped significantly we'd all be happy that VGCX management took these risk mitiagtions steps and if gold spikes significantly higher then we'll all be looking at the missed profit. Personally, I'm good with the 2024 risk mitigation steps taken. Who knows where the price of gold will go in 2024 and 2025 but for now VGCX management needs to focus on getting their debt paid down and if gold continues to spike even higher in 2024 and 2025, those of us that are still holding VGCX shares will be pretty happy campers!
My opinion only, please DYODD.
HB77