Vista Gold (NYSEAMERICAN:VGZ) Shares Down 0.8% – Here’s Why

Vista Gold Corp. (NYSEAMERICAN:VGZ)’s share price fell 0.8% on Tuesday. The stock traded as low as $2.57 and last traded at $2.59. Approximately 2,542,114 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 2,672,818 shares. The stock had previously closed at $2.61.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $4.50 price target on shares of Vista Gold in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $4.50.

Vista Gold Stock Performance

The stock has a market cap of $394.12 million, a price-to-earnings ratio of -45.00 and a beta of 1.29. The company’s 50 day simple moving average is $2.41 and its 200 day simple moving average is $2.18.

Vista Gold (NYSEAMERICAN:VGZ) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.02) earnings per share for the quarter. Sell-side analysts predict that Vista Gold Corp. will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Vista Gold

Large investors have recently added to or reduced their stakes in the stock. Kopernik Global Investors LLC lifted its position in shares of Vista Gold by 461.6% in the 1st quarter. Kopernik Global Investors LLC now owns 13,852,010 shares of the company’s stock worth $27,150,000 after acquiring an additional 11,385,421 shares during the period. Renaissance Technologies LLC bought a new stake in Vista Gold in the 1st quarter valued at $1,677,000. Bank of New York Mellon Corp acquired a new stake in shares of Vista Gold during the 2nd quarter valued at about $556,000. Squarepoint Ops LLC acquired a new position in Vista Gold in the second quarter worth about $387,000. Finally, Sei Investments Co. acquired a new position in Vista Gold in the first quarter worth about $260,000. Institutional investors own 27.29% of the company’s stock.

About Vista Gold

Vista Gold Corp. is a mineral exploration and development company focused on advancing gold projects. Its primary asset is the Mt Todd gold project in Australia’s Northern Territory, which the company is evaluating and developing as a potential large-scale mining operation.

The Mt Todd project is located near Katherine and includes the Batman deposit, along with additional exploration targets and infrastructure associated with historical mining activity in the region. Vista Gold’s activities include technical studies, permitting, engineering, exploration and other work intended to support the project’s potential development.

Vista Gold is headquartered in Denver, Colorado, and operates through subsidiaries in Australia.