Victoria Gold could be a takeover candidate, analysts say - report
Victoria Gold Corp. (CVE:VIT), an Ontario-based gold exploration and development company, could attract a takeover bid, according to multiple analysts cited in The Energy Report's Gold Report.
The report discussed an updated definitive feasibility study related to Victoria Gold's Eagle heap leach project which shows positive developments relating to the mine's economics and prompting the analysts to note that this may show "takeover potential" for the company.
The report cited Richard Gray, a Cormark Securities analysts, as saying he believes that the company will see "potential acquirers" paying attention to the company and calling a takeover a "realistic possibility" at the company.
It also cited Adam Melnyk, an analyst at National Bank Financial, as saying it views the company as a "takeout candidate."