Vista Gold (TSE:VGZ) Rating Lowered to Hold at HC Wainwright

Vista Gold (TSE:VGZ) (NYSEMKT:VGZ) was downgraded by investment analysts at HC Wainwright from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks reports.

Vista Gold Stock Up 0.5%

Shares of VGZ traded up C$0.02 during mid-day trading on Friday, hitting C$3.76. The company had a trading volume of 266,749 shares, compared to its average volume of 118,768. The business’s 50-day simple moving average is C$3.64 and its 200-day simple moving average is C$3.18. Vista Gold has a 1-year low of C$2.10 and a 1-year high of C$4.25. The stock has a market cap of C$548.85 million, a PE ratio of -62.67 and a beta of 3.36.

About Vista Gold

Vista holds the Mt Todd gold project, a leading development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. The Company has defined a clear pathway to greater value creation, targeting the commencement of detailed engineering and design by early 2027. This milestone is expected to initiate a 27-month design, construction, and commissioning process. Mt Todd offers strong project economics, significant initial production, and compelling expansion and exploration upside.