Vista Gold (NYSEAMERICAN:VGZ) Cut to “Neutral” at HC Wainwright

Vista Gold (NYSEAMERICAN:VGZ) was downgraded by research analysts at HC Wainwright from a “buy” rating to a “neutral” rating in a research report issued on Friday, Benzinga reports.

Vista Gold Trading Down 0.2%

Shares of Vista Gold stock traded down $0.01 during trading on Friday, hitting $2.63. 1,947,198 shares of the stock were exchanged, compared to its average volume of 1,953,680. The stock has a market capitalization of $384.48 million, a price-to-earnings ratio of -43.58 and a beta of 1.35. The company has a fifty day moving average price of $2.57 and a 200-day moving average price of $2.29. Vista Gold has a 1-year low of $1.49 and a 1-year high of $3.13.

Vista Gold (NYSEAMERICAN:VGZ) last issued its earnings results on Thursday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. Equities research analysts forecast that Vista Gold will post -0.07 EPS for the current fiscal year.

Institutional Trading of Vista Gold

Several institutional investors and hedge funds have recently bought and sold shares of the business. StoneX Group Inc. boosted its stake in shares of Vista Gold by 245.6% during the 3rd quarter. StoneX Group Inc. now owns 49,837 shares of the company’s stock worth $135,000 after acquiring an additional 35,415 shares during the period. Markel Group Inc. acquired a new position in shares of Vista Gold during the 3rd quarter worth approximately $1,667,000. Sequoia Financial Advisors LLC acquired a new position in shares of Vista Gold during the 2nd quarter worth approximately $47,000. Squarepoint Ops LLC bought a new stake in Vista Gold in the 2nd quarter valued at $387,000. Finally, Bank of New York Mellon Corp bought a new stake in Vista Gold in the 2nd quarter valued at $556,000. Institutional investors own 27.29% of the company’s stock.

About Vista Gold

Vista Gold Corp. is a gold development company focused on advancing mineral projects toward potential production. Its activities include evaluating, exploring and developing gold assets; it is not primarily an operating gold producer. The company’s principal asset is the 100%-owned Mt Todd gold project in Australia’s Northern Territory, near the town of Katherine. Vista has focused its work there on assessing the project’s development potential and refining its plans for a possible mine. Vista Gold is headquartered in Denver, Colorado.