Vista Gold (NYSE:VGZ) Trading Down 3.4% – Here’s What Happened

Vista Gold Corp. (NYSE:VGZ) shares traded down 3.4% on Friday . The stock traded as low as $2.72 and last traded at $2.80. 1,853,186 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 2,106,857 shares. The stock had previously closed at $2.90.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating on shares of Vista Gold in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $3.00.

Vista Gold Trading Down 3.4%

The company has a market cap of $353.39 million, a PE ratio of 31.11 and a beta of 1.12. The business’s 50 day moving average is $2.41 and its two-hundred day moving average is $2.00.

Institutional Trading of Vista Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in VGZ. StoneX Group Inc. lifted its holdings in Vista Gold by 62.1% in the 4th quarter. StoneX Group Inc. now owns 23,383 shares of the company’s stock worth $46,000 after purchasing an additional 8,961 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of Vista Gold during the third quarter valued at approximately $26,000. Squarepoint Ops LLC purchased a new position in shares of Vista Gold in the third quarter worth $34,000. Dimensional Fund Advisors LP bought a new position in shares of Vista Gold during the third quarter worth $34,000. Finally, Virtu Financial LLC bought a new position in shares of Vista Gold during the fourth quarter worth $34,000. Institutional investors own 27.29% of the company’s stock.

About Vista Gold

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.