Victoria Gold (TSE:VGCX) Downgraded by CIBC to Underperform

CIBC downgraded shares of Victoria Gold (TSE:VGCX) from a neutral rating to an underperform rating in a research report released on Tuesday morning, BayStreet.CA reports. CIBC currently has C$4.00 price objective on the stock, down from their previous price objective of C$10.00.

VGCX has been the subject of a number of other research reports. Pi Financial reduced their price objective on Victoria Gold from C$16.00 to C$14.00 in a research note on Wednesday, March 6th. Ventum Financial lifted their price objective on Victoria Gold from C$13.00 to C$14.00 in a research note on Tuesday, May 28th. HC Wainwright lifted their price target on Victoria Gold from C$18.00 to C$19.00 in a research note on Thursday, May 16th. Finally, BMO Capital Markets lowered Victoria Gold from an outperform rating to a market perform rating in a research note on Tuesday.

Victoria Gold Stock Performance

TSE VGCX opened at C$1.06 on Tuesday. The stock has a 50-day simple moving average of C$6.95 and a two-hundred day simple moving average of C$6.63. The firm has a market capitalization of C$71.79 million, a P/E ratio of 4.61 and a beta of 1.76. Victoria Gold has a fifty-two week low of C$1.00 and a fifty-two week high of C$9.45. The company has a debt-to-equity ratio of 40.04, a quick ratio of 0.34 and a current ratio of 2.15.

About Victoria Gold

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.