Vista Gold (NYSEAMERICAN:VGZ) Given Buy Rating at HC Wainwright

Key Points

• HC Wainwright reaffirmed a “buy” rating on Vista Gold and maintained a $4.50 price target, implying approximately 64% upside from the prior close.
• Vista Gold shares opened at $2.74, with a market capitalization of about $400 million; the company reported a quarterly loss of $0.02 per share and analysts expect a $0.07-per-share loss for the full fiscal year.
• Artemis Gold has agreed to acquire Vista Gold in an all-share transaction focused on Vista’s Mt Todd gold project, though the deal remains subject to shareholder, court, and other customary approvals.

Vista Gold (NYSEAMERICAN:VGZ - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at HC Wainwright in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $4.50 target price on the stock. HC Wainwright's price objective would indicate a potential upside of 64.23% from the company's previous close.

Vista Gold Price Performance

Vista Gold stock opened at $2.74 on Tuesday. The stock's fifty day moving average price is $2.08 and its two-hundred day moving average price is $2.11. Vista Gold has a one year low of $1.43 and a one year high of $3.13. The firm has a market cap of $399.96 million, a PE ratio of -45.67 and a beta of 1.35.

Vista Gold (NYSEAMERICAN:VGZ - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported ($0.02) earnings per share for the quarter. Sell-side analysts expect that Vista Gold will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vista Gold

Several hedge funds have recently bought and sold shares of VGZ. Kopernik Global Investors LLC lifted its holdings in shares of Vista Gold by 461.6% during the 1st quarter. Kopernik Global Investors LLC now owns 13,852,010 shares of the company's stock worth $27,150,000 after acquiring an additional 11,385,421 shares during the period. Renaissance Technologies LLC bought a new position in Vista Gold in the first quarter valued at approximately $1,677,000. Fore Capital LLC bought a new position in Vista Gold in the fourth quarter valued at approximately $748,000. Bank of New York Mellon Corp bought a new position in Vista Gold in the second quarter valued at approximately $556,000. Finally, Bank of America Corp DE raised its position in Vista Gold by 5.0% during the first quarter. Bank of America Corp DE now owns 238,168 shares of the company's stock valued at $467,000 after purchasing an additional 11,249 shares in the last quarter. 27.29% of the stock is owned by institutional investors.

Key Vista Gold News

Here are the key news stories impacting Vista Gold this week:

• Positive Sentiment: Artemis Gold will acquire all outstanding Vista Gold shares through a court-approved plan of arrangement, providing investors with a defined takeout opportunity and driving the stock’s sharp advance. The transaction adds Vista’s advanced-stage Mt Todd gold project in Australia to Artemis’ portfolio. Artemis Gold Agrees to Acquire Vista Gold
• Positive Sentiment: The deal gives Vista shareholders exposure to Artemis Gold shares rather than a cash payment, while combining Vista’s Mt Todd development asset with Artemis’ operating and development platform. Artemis said its Blackwater Phase 1A and EP2 expansion projects remain on track and are still priorities. Artemis to buy Vista for $427M in Australia push
• Neutral Sentiment: The acquisition remains subject to customary conditions, including shareholder and court approvals. Because the consideration is entirely in Artemis shares, Vista’s eventual value will depend partly on Artemis Gold’s share price and the successful completion of the transaction. Artemis Gold Agrees to Buy Vista Gold In $427 Million Deal

About Vista Gold

Vista Gold Corp. is a development-stage gold company focused on the evaluation and advancement of gold projects. The company's principal asset is the Mt Todd Gold Project in the Northern Territory of Australia, which it is working to develop through technical studies, engineering, permitting, exploration, and related project activities.

Mt Todd is located approximately 55 kilometers south of Katherine and is considered one of Australia's largest undeveloped gold projects. Vista Gold has conducted exploration, feasibility work, and optimization studies at the property to assess potential mining and processing plans.

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