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

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

Vista Gold Stock Performance

Vista Gold stock traded down $0.01 during mid-day trading on Friday, reaching $2.63. The company’s stock had a trading volume of 1,947,198 shares, compared to its average volume of 1,953,680. Vista Gold has a 12 month low of $1.49 and a 12 month high of $3.13. The business’s 50 day simple moving average is $2.57 and its 200 day simple moving average is $2.29. The company has a market capitalization of $384.48 million, a price-to-earnings ratio of -43.58 and a beta of 1.35.

Vista Gold (NYSEAMERICAN:VGZ) last issued its quarterly earnings results on Thursday, November 12th. The company reported ($0.05) EPS for the quarter. As a group, sell-side analysts expect that Vista Gold will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

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

Vista Gold Company Profile

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.