Vista Gold Corp. :VGZ-US: Earnings Analysis: Q3, 2016 By the Numbers : December 5, 2016

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

Analysis

  • Summary numbers: Revenues of USD 0 million, Net Earnings of USD -2.08 million.
  • The company did not record any revenues for the last twelve months making the comparison of net margin versus asset turnover meaningless.
  • We classify VGZ-US as Challenged because of its below peer median returns (ROE of -9.31% compared to the peer median ROE of -5.15%) and the market’s low expectations of its growth (P/E of 22.72 compared to peer median of 189.59).
  • Cash and Cash equivalents were up this period to 30.17 million compared to 16.52 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 19.09%.
  • All 8 peers for the company have an outstanding debt balance.
  • Net income of -2.08 million this period compared to a net income of 1.64 million last period. This is a growth of -227.24% over the previous period. In comparison, the peer group grew at -4.88%

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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. Its 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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