Markel Group Inc. bought a new stake in shares of Vista Gold Corp. (NYSEAMERICAN:VGZ – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 615,000 shares of the company’s stock, valued at approximately $1,667,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of VGZ. Kopernik Global Investors LLC boosted its stake 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 buying an additional 11,385,421 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Vista Gold during the first quarter valued at $1,677,000. Bank of New York Mellon Corp purchased a new stake in Vista Gold during the second quarter valued at $556,000. Bank of America Corp DE lifted its holdings in Vista Gold by 5.0% in the first quarter. Bank of America Corp DE now owns 238,168 shares of the company’s stock valued at $467,000 after acquiring an additional 11,249 shares during the period. Finally, Squarepoint Ops LLC bought a new position in Vista Gold in the second quarter valued at about $387,000. 27.29% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a “buy” rating and set a $4.50 price target on shares of Vista Gold in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Vista Gold presently has a consensus rating of “Buy” and an average price target of $4.50.
Get Our Latest Stock Report on VGZ
Vista Gold Stock Down 2.4%
NYSEAMERICAN VGZ opened at $2.41 on Wednesday. The stock’s 50-day moving average price is $2.50 and its 200-day moving average price is $2.28. Vista Gold Corp. has a 52 week low of $1.43 and a 52 week high of $3.13.
Vista Gold Profile
Vista Gold Corp. is a mineral exploration and development company focused on advancing gold projects. The company’s principal asset is the Mt Todd Gold Project in the Northern Territory of Australia, which it holds through its Australian subsidiary. Vista Gold’s activities include project evaluation, exploration, engineering and permitting, with the goal of developing Mt Todd into a producing gold mine.
Mt Todd is located near Katherine in the Northern Territory and is regarded by the company as one of Australia’s larger undeveloped gold projects.
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