Vista Gold (NYSE:VGZ) Trading 1.9% Higher – Here’s Why

Vista Gold Corp. (NYSE:VGZGet Free Report) traded up 1.9% during trading on Thursday . The company traded as high as $2.20 and last traded at $2.19. 1,520,822 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 1,537,592 shares. The stock had previously closed at $2.15.

Vista Gold Price Performance

The firm has a market capitalization of $280.18 million, a price-to-earnings ratio of 24.67 and a beta of 1.14. The firm’s 50-day moving average price is $1.97 and its 200 day moving average price is $1.66.

Institutional Trading of Vista Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brookstone Capital Management acquired a new stake in shares of Vista Gold during the third quarter valued at $26,000. Squarepoint Ops LLC purchased a new position in Vista Gold in the 3rd quarter valued at about $34,000. Dimensional Fund Advisors LP purchased a new position in Vista Gold in the 3rd quarter valued at about $34,000. Redmond Asset Management LLC boosted its stake in shares of Vista Gold by 2.2% during the 2nd quarter. Redmond Asset Management LLC now owns 945,110 shares of the company’s stock worth $922,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Vista Gold during the third quarter worth about $44,000. 27.29% of the stock is currently owned by hedge funds and other institutional investors.

Vista Gold Company Profile

(Get Free Report)

Vista Gold Corp is a mineral exploration and development company focused on the acquisition, exploration and advancement of gold resource projects. The company’s primary objective is to bring high-quality gold deposits into production through systematic exploration, feasibility studies and environmental permitting. Vista Gold’s technical team applies modern exploration and development methodologies to de-risk assets and demonstrate the economic potential of its mineral holdings.

The company’s flagship asset is the Mt Todd gold project, located in the Northern Territory of Australia.

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