Vista Gold (NYSEAMERICAN:VGZ) Trading Down 3.8% – Here’s Why

Shares of Vista Gold Corp. (NYSEAMERICAN:VGZ) were down 3.8% during trading on Wednesday . The company traded as low as $2.01 and last traded at $2.04. Approximately 890,438 shares were traded during trading, a decline of 53% from the average daily volume of 1,877,857 shares. The stock had previously closed at $2.12.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating on shares of Vista Gold in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $3.00.

Vista Gold Stock Performance

The company’s 50 day moving average price is $2.20 and its 200-day moving average price is $2.13. The company has a market cap of $297.15 million, a price-to-earnings ratio of -34.17 and a beta of 1.21.

Vista Gold (NYSEAMERICAN:VGZ) last released its earnings results on Thursday, April 30th. The company reported ($0.02) earnings per share for the quarter. As a group, sell-side analysts forecast that Vista Gold Corp. will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Trek Financial LLC purchased a new position in shares of Vista Gold in the fourth quarter worth approximately $4,040,000. Marshall Wace LLP purchased a new position in shares of Vista Gold in the fourth quarter worth approximately $2,501,000. Millennium Management LLC increased its position in shares of Vista Gold by 411.3% in the fourth quarter. Millennium Management LLC now owns 519,601 shares of the company’s stock worth $1,024,000 after acquiring an additional 417,975 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Vista Gold by 289.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 518,594 shares of the company’s stock worth $1,022,000 after acquiring an additional 385,494 shares in the last quarter. Finally, Fore Capital LLC purchased a new position in shares of Vista Gold in the fourth quarter worth approximately $748,000. 27.29% of the stock is owned by hedge funds and other institutional investors.

Vista Gold Company Profile

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.