One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Vista Gold Corp.
VGZ · ASE · Basic Materials · Gold
Current price
$2.82
52-week range
$1.49 - $3.13
Market cap
—
Balance sheet
Healthy
-16.22x Concerning
Net cash $49.54M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
2 Risks
0 rewards · 2 risks
- Risk Return on equity was -26.4% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 3.4% (peer median: 6.9%).
What this company does
Vista Gold Corp.
Vista Gold Corp. is a company focused on developing a large gold mine in Australia called Mt Todd. This means they are working to get the mine ready to extract gold, which is their main product. The money they will eventually make will come from selling this gold, and getting this mine operational is the key to their business.
How the company got here
Vista Gold Corp. has a history dating back to 1983, originally incorporated as Granges, Inc.. The company has undergone several name changes and corporate amalgamations over the years, eventually becoming Vista Gold Corp. in 1996. Its primary focus has always been on gold exploration and development. A significant turning point was the acquisition of the Mt Todd gold project in Australia in 2006. Since then, Vista Gold has invested heavily in advancing this project, tripling its gold resource and completing multiple feasibility studies to assess its development potential.
What it actually does
Vista Gold Corp. is a development-stage company focused on the gold mining industry. This means it's not currently producing gold but is actively working on exploring and developing a significant gold deposit. Its main goal is to bring the Mt Todd gold project in Australia into production, which would involve extracting gold from the earth and processing it to sell. The company's operations are centered around evaluating, advancing, and preparing this project for potential future development.
Mt Todd Gold Project
The Mt Todd Gold Project is Vista Gold's sole major asset and its primary focus. Located in the Northern Territory of Australia, it is considered one of the largest development-stage gold deposits in the country. The project has substantial gold resources, estimated at over 9 million ounces. Vista has completed extensive drilling and metallurgical testing to understand the gold content and how to efficiently extract it. The company has also secured necessary permits and is working on feasibility studies to determine the most economically viable way to develop the project, with recent studies outlining plans for a mid-scale operation. This project represents the company's entire business, as it has no other significant revenue-generating operations.
What management is betting on now
Vista Gold's management is focused on advancing the Mt Todd gold project towards development and eventual production. Their strategy involves a disciplined and efficient approach to unlock the project's value for shareholders. Recent feasibility studies have explored a smaller-scale, "ready-to-build" operation with significantly lower initial capital costs, aiming to reduce development risks and pave the way for near-term construction. This strategic shift prioritizes higher-grade ore and the use of contractors to streamline the development process.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-1.09M
FY2024 Q4
$-2.11M
FY2025 Q1
$-1.85M
FY2025 Q2
$-2.31M
FY2025 Q3
$-862.00K
FY2025 Q4
$-2.18M
FY2026 Q2
$-2.84M
Revenue
$0.00
Net income
$-2.96M
Diluted EPS
-0.02
Operating cash flow
$-2.52M
Free cash flow
$-2.84M
Fetching…
Sources
Revenue
$0.00
Net income
$-3.15M
Diluted EPS
-0.02
Operating cash flow
$-2.20M
Free cash flow
—
Fetching…
Sources
Revenue
$0.00
Net income
$-1.71M
Diluted EPS
-0.01
Operating cash flow
$-1.97M
Free cash flow
$-2.18M
Fetching…
Sources
Revenue
$0.00
Net income
$-723.00K
Diluted EPS
-0.01
Operating cash flow
$-526.00K
Free cash flow
$-862.00K
Fetching…
Sources
Revenue
$0.00
Net income
$-2.36M
Diluted EPS
-0.02
Operating cash flow
$-2.29M
Free cash flow
$-2.31M
Fetching…
Sources
Revenue
$0.00
Net income
$-2.71M
Diluted EPS
-0.02
Operating cash flow
$-1.82M
Free cash flow
$-1.85M
Fetching…
Sources
Revenue
$0.00
Net income
$-1.67M
Diluted EPS
-0.01
Operating cash flow
$-1.93M
Free cash flow
$-2.11M
Fetching…
Sources
Revenue
$0.00
Net income
$-1.64M
Diluted EPS
-0.01
Operating cash flow
$-1.01M
Free cash flow
$-1.09M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $2.82
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $49.5M - more cash than debt. Interest coverage -16.2x.
Net debt
$-49.54M
Interest coverage
-16.22x
Vista Gold Corp.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
VGZ
BASELINE
Vista Gold Corp.
Total debt $0.00 Interest coverage -16.22x This is the baseline the peer rows are being compared against.
Total debt $81.90K Interest coverage -67.65x Neither company has much profit cushion over interest right now.
Total debt $159.16K Interest coverage -528.31x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -61.40x Neither company has much profit cushion over interest right now.
What you should know
The case for and against VGZ
0 Rewards
2 Risks
Rewards
Risks
-
Return on equity was -26.4% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 3.4% (peer median: 6.9%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
—
P/B
8.10x
P/S
—
EV/EBITDA
-34.35x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-26.4%
ROA
-19.8%
Health
Liquidity and balance-sheet strength
Debt / equity
—
Current ratio
34.21x
Quick ratio
33.91x
Total debt
$0.00
Total cash
$49.54M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
—
EPS TTM
-0.06
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-7.22M
Free CF TTM
$-7.21M
FCF margin
—
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
—