Vista Gold Corp. $VGZ Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC trimmed its holdings in Vista Gold Corp. (NYSEAMERICAN:VGZ) by 66.5% during the third quarter, Holdings Channel reports. The institutional investor owned 304,911 shares of the company’s stock after selling 605,127 shares during the period. Redmond Asset Management LLC’s holdings in Vista Gold were worth $826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new position in shares of Vista Gold during the 2nd quarter worth about $47,000. Squarepoint Ops LLC purchased a new stake in Vista Gold in the second quarter valued at approximately $387,000. Bank of New York Mellon Corp purchased a new stake in Vista Gold in the second quarter valued at approximately $556,000. Bank of America Corp DE grew 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 purchasing an additional 11,249 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Vista Gold during the first quarter worth approximately $67,000. Hedge funds and other institutional investors own 27.29% of the company’s stock.

Vista Gold Price Performance

Shares of NYSEAMERICAN:VGZ opened at $2.70 on Thursday. The business has a 50-day moving average of $2.50 and a two-hundred day moving average of $2.27. The firm has a market capitalization of $394.12 million, a PE ratio of -45.00 and a beta of 1.29. Vista Gold Corp. has a 12 month low of $1.43 and a 12 month high of $3.13.

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

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $4.50 price target on shares of Vista Gold in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, Vista Gold has a consensus rating of “Buy” and a consensus price target of $4.50.

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.