Vista Gold (NYSE:VGZ) Trading Down 0.8% – Here’s Why

Shares of Vista Gold Corp. (NYSE:VGZ) fell 0.8% during mid-day trading on Thursday . The stock traded as low as $0.55 and last traded at $0.56. 116,588 shares were traded during trading, a decline of 6% from the average session volume of 123,718 shares. The stock had previously closed at $0.56.

Analyst Ratings Changes

VGZ has been the topic of several research reports. HC Wainwright reaffirmed a “buy” rating and issued a $2.75 target price on shares of Vista Gold in a research report on Wednesday, December 11th. StockNews.com cut Vista Gold from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.

Vista Gold Stock Performance

The stock’s 50-day simple moving average is $0.57 and its 200-day simple moving average is $0.60. The stock has a market cap of $68.96 million, a price-to-earnings ratio of 6.22 and a beta of 1.71.

Vista Gold (NYSE:VGZ) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.01) EPS for the quarter. On average, equities research analysts forecast that Vista Gold Corp. will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Vista Gold

An institutional investor recently bought a new position in Vista Gold stock. Integrated Wealth Concepts LLC purchased a new stake in Vista Gold Corp. (NYSE:VGZ) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 80,000 shares of the company’s stock, valued at approximately $62,000. Integrated Wealth Concepts LLC owned approximately 0.06% of Vista Gold at the end of the most recent quarter. Hedge funds and other institutional investors own 27.29% of the company’s stock.

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.