Vista Gold (NYSE:VGZ) Shares Down 2.4% – Here’s What Happened

Posted by Tammy Falkenburg on Nov 16th, 2024

Vista Gold Corp. (NYSE:VGZ – Get Free Report) shares traded down 2.4% on Friday . The company traded as low as $0.51 and last traded at $0.52. 646,818 shares traded hands during mid-day trading, an increase of 91% from the average session volume of 339,027 shares. The stock had previously closed at $0.54.

Analyst Upgrades and Downgrades

VGZ has been the topic of a number of research reports. StockNews.com lowered Vista Gold from a “hold” rating to a “sell” rating in a report on Friday, October 25th. HC Wainwright reaffirmed a “buy” rating and issued a $2.75 price objective on shares of Vista Gold in a report on Tuesday, August 20th.

Read Our Latest Analysis on Vista Gold

Vista Gold Stock Down 2.4 %

The firm has a 50 day moving average of $0.68 and a two-hundred day moving average of $0.58. The firm has a market capitalization of $64.30 million, a price-to-earnings ratio of 5.80 and a beta of 1.73.

Vista Gold (NYSE:VGZ – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.01) earnings per share for the quarter. Sell-side analysts forecast that Vista Gold Corp. will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Gold

A hedge fund recently bought a new stake in Vista Gold stock. Cetera Advisors LLC acquired a new position in shares of Vista Gold Corp. (NYSE:VGZ – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,993,900 shares of the company’s stock, valued at approximately $1,126,000. Cetera Advisors LLC owned about 1.64% of Vista Gold at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.29% of the company’s stock.

About Vista Gold

(Get Free Report)

Vista Gold Corp., together with its subsidiaries, acquires, explores, evaluates, and advances gold exploration and development projects in Australia. Its flagship asset is the 100% owned Mt Todd gold project located in Northern Territory, Australia. The company was incorporated in 1983 and is based in Englewood, Colorado.