Vista Gold (NYSE:VGZ) Receives “Buy” Rating from HC Wainwright

Vista Gold (NYSE:VGZ)‘s stock had its “buy” rating reissued by HC Wainwright in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $2.75 price objective on the stock. HC Wainwright’s price target suggests a potential upside of 426.32% from the stock’s previous close.

Separately, StockNews.com initiated coverage on shares of Vista Gold in a report on Monday, July 15th. They set a “hold” rating on the stock.

Vista Gold Stock Performance

Shares of Vista Gold stock traded down $0.01 on Tuesday, hitting $0.52. The company had a trading volume of 11,927 shares, compared to its average volume of 279,798. Vista Gold has a 1 year low of $0.30 and a 1 year high of $0.62. The stock has a 50 day moving average of $0.50 and a 200-day moving average of $0.47. The stock has a market capitalization of $63.61 million, a price-to-earnings ratio of -13.15 and a beta of 1.66.

Vista Gold (NYSE:VGZ) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) EPS for the quarter. Equities analysts anticipate that Vista Gold will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Vista Gold stock. Cetera Advisors LLC purchased a new stake in shares of Vista Gold Corp. (NYSE:VGZ) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,993,900 shares of the company’s stock, valued at approximately $1,126,000. Cetera Advisors LLC owned 1.64% of Vista Gold as of its most recent filing with the Securities & Exchange Commission. 27.29% of the stock is owned by institutional investors.

Vista Gold Company Profile

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.