Vista Gold (NYSEAMERICAN:VGZ) Trading Up 6.7% – Should You Buy?

Vista Gold Corp. (NYSEAMERICAN:VGZ)’s stock price rose 6.7% on Wednesday . The company traded as high as $2.24 and last traded at $2.24. 988,780 shares were traded during trading, a decline of 9% from the average daily volume of 1,085,238 shares. The stock had previously closed at $2.10.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $4.50 target price on shares of Vista Gold in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Vista Gold currently has a consensus rating of “Buy” and an average target price of $4.50.

Vista Gold Price Performance

The stock has a 50 day moving average price of $1.97 and a 200-day moving average price of $2.15. The stock has a market capitalization of $326.97 million, a price-to-earnings ratio of -37.33 and a beta of 1.35.

Vista Gold (NYSEAMERICAN:VGZ) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.02) EPS for the quarter. As a group, research analysts forecast that Vista Gold Corp. will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Vista Gold

A number of large investors have recently modified their holdings of VGZ. StoneX Group Inc. lifted its stake in shares of Vista Gold by 62.1% in the fourth quarter. StoneX Group Inc. now owns 23,383 shares of the company’s stock worth $46,000 after buying an additional 8,961 shares in the last quarter. Bank of America Corp DE boosted its position in Vista Gold by 5.0% during the first quarter. Bank of America Corp DE now owns 238,168 shares of the company’s stock worth $467,000 after acquiring an additional 11,249 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Vista Gold during the 1st quarter valued at about $30,000. Squarepoint Ops LLC acquired a new position in shares of Vista Gold during the 3rd quarter worth approximately $34,000. Finally, Dimensional Fund Advisors LP purchased a new position in Vista Gold during the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 27.29% of the company’s stock.

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.