HC Wainwright Reiterates “Buy” Rating for Vista Gold (NYSEAMERICAN:VGZ)

Vista Gold (NYSEAMERICAN:VGZ)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research note issued on Tuesday, Benzinga reports. They currently have a $4.50 price objective on the stock. HC Wainwright’s price target suggests a potential upside of 64.23% from the company’s previous close.

Vista Gold Stock Performance

Shares of NYSEAMERICAN VGZ opened at $2.74 on Tuesday. The firm has a fifty day moving average of $2.13 and a 200 day moving average of $2.11. The firm has a market cap of $399.96 million, a PE ratio of -45.67 and a beta of 1.35. Vista Gold has a one year low of $1.43 and a one year high of $3.13.

Vista Gold (NYSEAMERICAN:VGZ) last announced its earnings results on Wednesday, July 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. On average, equities analysts predict that Vista Gold will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Gold

A number of hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in shares of Vista Gold in the first quarter valued at approximately $30,000. Sequoia Financial Advisors LLC purchased a new position in Vista Gold in the 2nd quarter valued at $47,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Vista Gold in the 1st quarter valued at $67,000. Three Seasons Wealth LLC acquired a new stake in Vista Gold during the 1st quarter worth $73,000. Finally, Jefferies Financial Group Inc. boosted its stake in Vista Gold by 88.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 48,047 shares of the company’s stock worth $95,000 after purchasing an additional 22,547 shares during the last quarter. Institutional investors and hedge funds own 27.29% of the company’s stock.

About Vista Gold

Vista Gold Corp. is a development-stage gold company focused on the evaluation and advancement of gold projects. The company’s principal asset is the Mt Todd Gold Project in the Northern Territory of Australia, which it is working to develop through technical studies, engineering, permitting, exploration, and related project activities.

Mt Todd is located approximately 55 kilometers south of Katherine and is considered one of Australia’s largest undeveloped gold projects. Vista Gold has conducted exploration, feasibility work, and optimization studies at the property to assess potential mining and processing plans.