Vista Gold (NYSEAMERICAN:VGZ) Trading Up 9% – What’s Next?

Vista Gold Corp. (NYSEAMERICAN:VGZ)’s share price shot up 9% during mid-day trading on Friday . The stock traded as high as $2.13 and last traded at $2.05. 26,339,440 shares traded hands during mid-day trading, an increase of 1,246% from the average session volume of 1,957,332 shares. The stock had previously closed at $1.88.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $4.50 target price on shares of Vista Gold in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $4.50.

Vista Gold Price Performance

The firm has a market capitalization of $299.24 million, a price-to-earnings ratio of -34.17 and a beta of 1.22. The stock has a fifty day moving average of $2.23 and a two-hundred day moving average of $2.26.

Vista Gold (NYSEAMERICAN:VGZ) last announced its earnings results on Thursday, April 30th. The company reported ($0.02) EPS for the quarter. On average, research analysts forecast that Vista Gold Corp. will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Vista Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in Vista Gold by 5.0% in the first quarter. Bank of America Corp DE now owns 238,168 shares of the company’s stock valued at $467,000 after acquiring an additional 11,249 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Vista Gold during the 1st quarter worth approximately $67,000. Renaissance Technologies LLC acquired a new position in shares of Vista Gold in the 1st quarter worth approximately $1,677,000. Sei Investments Co. acquired a new position in shares of Vista Gold in the 1st quarter worth approximately $260,000. Finally, Kopernik Global Investors LLC boosted its stake 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 purchasing an additional 11,385,421 shares during the last quarter. 27.29% of the stock is owned by institutional investors and hedge funds.

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.