RE:RE:BMO Analyst Price Target - $15.00Not so sure I'd pay much attention to Allison Carson's $11 price target for VGCX based on her accuracy ratings ranking of CIBC analysts.
Ranked at 7,989 out of 8,547 Wall Street analyst and
24 out of 24 (lowest ranked) of the 24 CIBC Analysts.
Allison Carson | CIBC Stock Analyst - TipRanks.com CIBC Analysts - TipRanks.com On the other hand, and in all fairness to Allison, H.C; Wainright Heko Ihle with his $24.00 price target is likely a bit too optimistic unless the price of gold goes back above $2,000 US. So it's probably best to disregard these two outliers and go by the average of the remaining 6 analysts and that comes to an average target price of $15.79.
Analyst Coverage (Copied from VGCX website - Investor Presentation)
Analyst Target Price Rating
H.C. Wainwright
Heiko Ihle
$24.00
Buy
Cormark
Richard Gray
$17.50
Buy
PI Financial
Chris Thompson
$17.50
Buy
Paradigm
Don Blyth
$17.00
Buy, TP
BMO
Andrew Mikitchook
$15.00
Outperform
Stifel
Alex Terentiew
$14.00
Buy
Desjardins
John Sclodnick
$13.75
Buy
CIBC
Allison Carson
$11.00
Neutral
Apparently all these "professional" analysts that are well educated and trained to value stocks all got it wrong (
and really wrong) and well don't ya know, VGCX stock is really only worth $5.60 ish or that's what the crooks trying to take VGCX out would like us to believe! Just goes to prove what these crooks can do to a company with the help of a little negative news/results when they want to get it for cheap.
Based on my latest findings 56% of VGCX stock is now owned by retail shareholders so we have more control over any hostile takeover than most here probably realize. As I've said in the past, the shorters and whomever is driving our share price down to these rediculous levels will only stop when retail investors quit giving away their shares for cheap, stop using Stop Loss order/triggers, and stop making their shares available for shorting by enetering a sell order on all shares held in a a margin account at $25 or $30. Once a sell order is entered, a brokerage can't borrow your shares for shorting. This last suggestion will probably not be too beneficial with the low daily average of shares traded since shorters will likely still get access to the 300,000 to 400,000 shares needed to manipulate the daily share price.
According to FINTEL, at this moment, only .64% of VGCX shares or about 425,000 shares are short which takes 1.83 days to cover so if we can figure out a way to block the availability of these 425,000 shares that would likely put an end to this nonsense.
As always, the above is my opinion only - please DYODD.
HB77