Vista Gold’s (VGZ) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Vista Gold (NYSEAMERICAN:VGZ) in a research report released on Tuesday,Benzinga reports. They currently have a $4.50 price objective on the stock.

Vista Gold Stock Down 1.1%

NYSEAMERICAN VGZ opened at $2.71 on Tuesday. The company has a market cap of $395.58 million, a PE ratio of -45.17 and a beta of 1.35. Vista Gold has a 52 week low of $1.43 and a 52 week high of $3.13. The firm’s 50-day simple moving average is $2.15 and its two-hundred day simple moving average is $2.12.

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

Hedge Funds Weigh In On Vista Gold

A number of large investors have recently made changes to their positions in VGZ. Renaissance Technologies LLC bought a new stake in shares of Vista Gold during the 1st quarter valued at $1,677,000. Fore Capital LLC bought a new position in Vista Gold in the 4th quarter worth about $748,000. Kopernik Global Investors LLC grew its holdings in Vista Gold by 461.6% during the 1st quarter. Kopernik Global Investors LLC now owns 13,852,010 shares of the company’s stock valued at $27,150,000 after buying an additional 11,385,421 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Vista Gold during the 2nd quarter valued at about $387,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Vista Gold during the second quarter valued at about $556,000. 27.29% of the stock is owned by institutional investors.

About Vista Gold

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.