Renaissance Technologies LLC Takes Position in Vista Gold Corp. $VGZ

Renaissance Technologies LLC purchased a new stake in shares of Vista Gold Corp. (NYSEAMERICAN:VGZ) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 855,505 shares of the company’s stock, valued at approximately $1,677,000.

A number of other hedge funds have also bought and sold shares of the business. Hsbc Holdings PLC bought a new stake in Vista Gold during the 1st quarter valued at $30,000. Jane Street Group LLC purchased a new stake in shares of Vista Gold during the first quarter worth $30,000. Virtu Financial LLC bought a new position in shares of Vista Gold in the fourth quarter worth $34,000. Dimensional Fund Advisors LP bought a new position in shares of Vista Gold in the third quarter worth $34,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Vista Gold in the third quarter valued at $34,000. 27.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $4.50 price objective on shares of Vista Gold in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $4.50.

Vista Gold Trading Up 1.8%

VGZ stock opened at $2.27 on Wednesday. The firm has a 50 day moving average of $1.96 and a 200-day moving average of $2.19. Vista Gold Corp. has a 12 month low of $1.03 and a 12 month high of $3.13. The firm has a market capitalization of $331.35 million, a P/E ratio of -37.83 and a beta of 1.29.

Vista Gold (NYSEAMERICAN:VGZ) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.02) EPS for the quarter. Sell-side analysts predict that Vista Gold Corp. will post -0.07 EPS for the current year.

Vista Gold 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.