Vista Gold (NYSEAMERICAN:VGZ) Stock Price Up 6.7% – Here’s What Happened

Shares of Vista Gold Corp. (NYSEAMERICAN:VGZ) rose 6.7% during mid-day trading on Wednesday . The company traded as high as $2.24 and last traded at $2.24. Approximately 988,780 shares traded hands during trading, a decline of 9% from the average session volume of 1,085,238 shares. The stock had previously closed at $2.10.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $4.50 target price on shares of Vista Gold in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $4.50.

Vista Gold Trading Down 3.2%

The firm has a market capitalization of $329.16 million, a price-to-earnings ratio of -37.58 and a beta of 1.35. The firm’s 50-day moving average is $1.98 and its 200 day moving average is $2.15.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VGZ. Kopernik Global Investors LLC grew its position in shares of Vista Gold by 461.6% in 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 during the last quarter. Trek Financial LLC bought a new position in shares of Vista Gold during the fourth quarter worth about $4,040,000. Marshall Wace LLP acquired a new position in shares of Vista Gold in the fourth quarter worth approximately $2,501,000. Renaissance Technologies LLC acquired a new position in shares of Vista Gold in the first quarter worth approximately $1,677,000. Finally, Millennium Management LLC boosted its holdings in Vista Gold by 411.3% in the fourth quarter. Millennium Management LLC now owns 519,601 shares of the company’s stock valued at $1,024,000 after acquiring an additional 417,975 shares during the last quarter. 27.29% of the stock is owned by institutional investors.

Vista Gold Company Profile

Vista Gold Corp is a mineral exploration and development company focused on the acquisition, exploration and advancement of gold resource projects. The company’s primary objective is to bring high-quality gold deposits into production through systematic exploration, feasibility studies and environmental permitting. Vista Gold’s technical team applies modern exploration and development methodologies to de-risk assets and demonstrate the economic potential of its mineral holdings.

The company’s flagship asset is the Mt Todd gold project, located in the Northern Territory of Australia.