Vista Gold (NYSEAMERICAN:VGZ) Share Price Breaks Below 50 Day Moving Average – What’s Next?

Shares of Vista Gold Corp. (NYSEAMERICAN:VGZ) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $2.50 and traded as low as $2.43. Vista Gold shares last traded at $2.49, with a volume of 3,404,097 shares.

Analysts Set New Price Targets

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

Vista Gold Trading Down 3.5%

The company has a market cap of $363.47 million, a PE ratio of -41.50 and a beta of 1.29. The company’s 50 day moving average is $2.50 and its 200 day moving average is $2.27.

Vista Gold (NYSEAMERICAN:VGZ) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.02) earnings per share for the quarter. Analysts expect that Vista Gold Corp. will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Vista Gold

Institutional investors have recently modified their holdings of the stock. Markel Group Inc. bought a new stake in shares of Vista Gold during the third quarter valued at approximately $1,667,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Vista Gold in the second quarter valued at approximately $47,000. Squarepoint Ops LLC bought a new position in Vista Gold in the second quarter worth approximately $387,000. Bank of New York Mellon Corp bought a new position in Vista Gold in the second quarter worth approximately $556,000. Finally, Bank of America Corp DE grew its stake 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 worth $467,000 after purchasing an additional 11,249 shares in the last quarter. 27.29% of the stock is owned by hedge funds and other institutional investors.

Vista Gold Company 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.