Vista Gold (NYSEAMERICAN:VGZ) Stock Rating Reaffirmed as Buy by HC Wainwright

Vista Gold (NYSEAMERICAN:VGZ)‘s stock had its “buy” rating reiterated by HC Wainwright in a report issued on Tuesday, Benzinga reports. They presently have a $4.50 price target on the stock. HC Wainwright’s price target would indicate a potential upside of 67.29% from the company’s previous close.

Vista Gold Stock Performance

Shares of NYSEAMERICAN:VGZ traded down $0.06 during midday trading on Tuesday, hitting $2.69. 1,836,541 shares of the stock traded hands, compared to its average volume of 1,942,872. Vista Gold has a one year low of $1.43 and a one year high of $3.13. The business’s 50 day moving average is $2.20 and its two-hundred day moving average is $2.12.

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

Hedge Funds Weigh In On Vista Gold

A number of institutional investors have recently bought and sold shares of the stock. Kopernik Global Investors LLC raised its stake in Vista Gold by 461.6% in the first 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 in the last quarter. Renaissance Technologies LLC bought a new position in Vista Gold in the first quarter worth about $1,677,000. Fore Capital LLC bought a new position in Vista Gold in the fourth quarter worth about $748,000. Bank of New York Mellon Corp bought a new position in Vista Gold in the second quarter worth about $556,000. Finally, Bank of America Corp DE raised 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 buying an additional 11,249 shares in the last quarter. 27.29% of the stock is owned by institutional investors.

Vista Gold Company Profile

Vista Gold Corp. is a development-stage gold company focused on the evaluation and advancement of gold projects. The company’s principal asset is the Mt Todd Gold Project in the Northern Territory of Australia, which it is working to develop through technical studies, engineering, permitting, exploration, and related project activities.

Mt Todd is located approximately 55 kilometers south of Katherine and is considered one of Australia’s largest undeveloped gold projects. Vista Gold has conducted exploration, feasibility work, and optimization studies at the property to assess potential mining and processing plans.