VGZ Stock Analysis: Vista Gold | NYSE MKT

Gold, Silver, Copper, Mining

Total Rating 30

Safety 55

Buy Signal -0.33

Gold
Industry Rotation: -40.2

Market Cap: 328M
Avg Turnover: 3.03M

Risk 3d forecast

Volatility90.6%

VaR 5^th Pctl14.3%

VaR vs Median-4.53%

Reward TTM

Sharpe Ratio0.73

Rel. Str. IBD24

Rel. Str. Peer Group11

Character TTM

Beta0.886

Beta Downside0.171

Hurst Exponent0.445

Drawdowns 3y

Max DD49.51%

CAGR/Max DD1.73

CAGR/Mean DD4.93

EPS (Earnings per Share)

Qual. Beats: 0

Revenue

Qual. Beats: 0

Warnings

Strong Share Dilution

High Debt While Negative Cash Flow

Tailwinds

No distinct edge detected

Seasonality 11.7 years of data

Jan +2.4% 18

Feb +0.9% 8

Mar +1.3% 10

Apr +2.4% 15

May -1.0% 5

Jun -2.4% 13

Jul -0.0% 7

Aug +0.0% 7

Sep -6.4% 30

Oct -6.1% 15

Nov -1.7% 11

Dec +8.1% 26

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: VGZ Vista Gold

Vista Gold Corp. (NYSE MKT: VGZ) is a U.S.-based, development-stage gold mining company whose primary asset is the 100%-owned Mt Todd gold project in Australias Northern Territory. As a development-stage miner, the company is focused on advancing its project toward production rather than generating current revenue from mining operations, which is a common model for junior miners in the gold sector. Originally incorporated in 1983 as Granges, Inc., Vista Gold has been headquartered in Englewood, Colorado since adopting its current name in November 1996.

Headlines to Watch Out For

Mt Todd gold project advances toward construction financing decision
Gold price strength improves project economics and NPV
Equity financing plans for Mt Todd development dilute shareholders

Piotroski VR-10 (Strict) 0.0

Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM)
FCF/TA: -0.15 > 0.02 and ΔFCF/TA 33.83 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA -0.14 > 3% & CFO -7.22m > Net Income -8.54m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 34.21 > 1.5 & < 3
Outstanding Shares: last quarter (146.0m) vs 12m ago 16.84% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 0.0% > 50% (prev 0.53%; Δ -0.53% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM)

Altman Z'' 9.12

A: 0.93 (Total Current Assets 50.0m - Total Current Liabilities 1.46m) / Total Assets 52.3m
B: -9.05 (Retained Earnings -473.8m / Total Assets 52.3m)
C: -0.25 (EBIT TTM -8.54m / Avg Total Assets 33.7m)
D: 32.63 (Book Value of Equity 50.8m / Total Liabilities 1.56m)
Altman-Z'' = 9.12 = AAA

What is the price of VGZ shares?

As of September 25, 2026, the stock is trading at USD 2.71 with a total of 2,367,987 shares traded. Over the past week, the price has changed by +0.00%, over one month by -10.64%, over three months by -20.75% and over the past year by +79.10%.

Current recommended Stop Loss: 2.50 (which is 7.7% or 1.4 ATR below the current price).

Is VGZ a buy, sell or hold?

Vista Gold has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy VGZ.

StrongBuy: 0
Buy: 1
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the VGZ price?

Analysts Target Price	4.5	66.1%

Vista Gold (VGZ) - Fundamental Data Overview as of 19 September 2026

Market Cap USD = 328.4m (328.4m USD * 1.0 USD.USD)
P/E Forward = 6.7476
P/S = 380.5847
P/B = 6.2397
Revenue TTM = 0.0 USD
EBIT TTM = -8.54m USD
EBITDA TTM = -8.39m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 13.0k USD (Leases only: 13.0k)
Net Debt = -49.5m USD (calculated: Debt 13.0k - CCE 49.5m)
Enterprise Value = 278.9m USD (328.4m + Debt 13.0k - CCE 49.5m)
Interest Coverage Ratio = unknown (Ebit TTM -8.54m / Interest Expense TTM 0.0)
EV/FCF = -34.50x (Enterprise Value 278.9m / FCF TTM -8.09m)
FCF Yield = -2.90% (FCF TTM -8.09m / Enterprise Value 278.9m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 146k) / Revenue TTM)
Tobins Q-Ratio = 5.33 (Enterprise Value 278.9m / Total Assets 52.3m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 13.0k)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -6.74m (EBIT -8.54m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 34.21 (Total Current Assets 50.0m / Total Current Liabilities 1.46m)
Debt / Equity = 0.00 (Debt 13.0k / totalStockholderEquity, last quarter 50.8m)
Debt / EBITDA = 5.90 (negative EBITDA) (Net Debt -49.5m / EBITDA -8.39m)
Debt / FCF = 6.13 (negative FCF - burning cash) (Net Debt -49.5m / FCF TTM -8.09m)
Total Stockholder Equity = 33.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -25.30% (Net Income -8.54m / Total Assets 52.3m)
RoE = -25.50% (Net Income TTM -8.54m / Total Stockholder Equity 33.5m)
RoCE = -16.79% (EBIT -8.54m / Capital Employed (Total Assets 52.3m - Current Liab 1.46m))
RoIC = -13.26% (negative operating profit) (NOPAT -6.74m / Invested Capital 50.9m)
WACC = 9.10% (E(328.4m)/V(328.4m) * Re(9.10%) + D(13.0k)/V(328.4m) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 9.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 75.35 | Cagr: 8.61%
[DCF] Fair Price = unknown (Cash Flow -8.09m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=-0.07 | Chg30d=-16.67% | Revisions=-25% | GrowthEPS=-16.7% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+0.0%