Vista Gold Corp. :VGZ-US: Earnings Analysis: Q2, 2016 By the Numbers : September 20, 2016

Vista Gold Corp. reports financial results for the quarter ended June 30, 2016.

Analysis

  • Summary numbers: Revenues of USD 0 million, Net Earnings of USD 1.64 million.
  • The company did not record any revenues for the last twelve months making the comparison of net margin versus asset turnover meaningless.
  • VGZ-US‘s operating performance is higher than the median of its chosen peers (ROE of -2.50% compared to the peer median ROE of -3.58%) but the market does not seem to expect higher growth relative to peers (P/E of 22.72 compared to peer median of 22.72) but simply to maintain its relatively high rates of return.
  • Cash and Cash equivalents were up this period to 15.93 million compared to 14.94 million in the same period last year.
  • We consider the company to have a Quick & Able profile as it currently does not have any debt. In comparison, the median level of debt as percent of enterprise value for its peer group is currently 17.16%.
  • All 8 peers for the company have an outstanding debt balance.
  • Net income of 1.64 million this period compared to a net income of -0.71 million last period. This is a growth of 329.27% over the previous period. In comparison, the peer group grew at 5.79%

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Earnings Growth YOY %
Cash & ST Investments

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Company Profile

Vista Gold Corp. is a gold mining, development and exploration company, which engages in the evaluation, acquisition, exploration and advancement of gold exploration and potential development projects. The company’s projects include the Mt. Todd gold project in Australia, the Guadalupe de los Reyes gold project in Mexico and the Long Valley gold project in California. Vista Gold was founded on November 28, 1983 and is headquartered in Littleton, CO.

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