Vista Gold (NYSEAMERICAN:VGZ) Stock Price Down 2% – Here’s What Happened

Vista Gold Corp. (NYSEAMERICAN:VGZ)’s share price traded down 2% on Tuesday . The stock traded as low as $1.94 and last traded at $2.00. 1,489,565 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 2,147,089 shares. The stock had previously closed at $2.04.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating on shares of Vista Gold in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Vista Gold has a consensus rating of “Buy” and an average price target of $3.00.

Vista Gold Price Performance

The firm has a market capitalization of $289.90 million, a price-to-earnings ratio of -33.33 and a beta of 1.21. The firm’s fifty day moving average is $2.37 and its 200 day moving average is $2.14.

Vista Gold (NYSEAMERICAN:VGZ) last posted its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter. Equities research analysts forecast that Vista Gold Corp. will post 0.09 EPS for the current fiscal year.

Institutional Trading of Vista Gold

Several institutional investors have recently made changes to their positions in the stock. StoneX Group Inc. boosted its holdings in shares of Vista Gold by 62.1% during the fourth quarter. StoneX Group Inc. now owns 23,383 shares of the company’s stock worth $46,000 after purchasing an additional 8,961 shares during the period. Brookstone Capital Management acquired a new stake in shares of Vista Gold during the third quarter worth approximately $26,000. Squarepoint Ops LLC acquired a new stake in shares of Vista Gold during the third quarter worth approximately $34,000. Dimensional Fund Advisors LP acquired a new stake in shares of Vista Gold during the third quarter worth approximately $34,000. Finally, Virtu Financial LLC acquired a new stake in shares of Vista Gold during the fourth quarter worth approximately $34,000. 27.29% of the stock is currently owned by institutional investors and hedge funds.

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.