* Following a visit to its Eagle mine in the Yukon, Desjardins Securities’ John Sclodnick raised his target for Victoria Gold Corp. (
) to $16.50 from $16 with a “buy” rating. The average is $16.25.
“Overall, our confidence in the operational turnaround increased, supported by improved production results over the first two quarters of 2023,” he said. “We see potential for the company to hit the higher end of its production guidance range of 160180koz. We have also updated our model to factor in the 2Q production results announced on July 5, which led to the slight increase in our target price.”