615,000 Shares of Vista Gold Corp. $VGZ Acquired by Markel Group Inc.

Key Points

• Markel Group acquired 615,000 Vista Gold shares in the third quarter, valued at about $1.67 million and representing roughly 0.42% of the company.
• Institutional investors own 27.29% of Vista Gold; several other funds also initiated or increased positions.
• Vista Gold shares opened at $2.41, within a 52-week range of $1.43–$3.13. The stock has a consensus “Buy” rating and a $4.50 price target.

Markel Group Inc. acquired a new stake in shares of Vista Gold Corp. (NYSEAMERICAN:VGZ - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 615,000 shares of the company's stock, valued at approximately $1,667,000. Markel Group Inc. owned approximately 0.42% of Vista Gold as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VGZ. Sequoia Financial Advisors LLC purchased a new stake in shares of Vista Gold during the second quarter valued at approximately $47,000. Squarepoint Ops LLC purchased a new position in Vista Gold in the 2nd quarter worth approximately $387,000. Bank of New York Mellon Corp purchased a new position in Vista Gold in the 2nd quarter worth approximately $556,000. Bank of America Corp DE raised its holdings in Vista Gold by 5.0% in the 1st quarter. Bank of America Corp DE now owns 238,168 shares of the company's stock worth $467,000 after acquiring an additional 11,249 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Vista Gold in the 1st quarter valued at approximately $67,000. 27.29% of the stock is currently owned by institutional investors.

Vista Gold Trading Down 2.4%

NYSEAMERICAN VGZ opened at $2.41 on Wednesday. Vista Gold Corp. has a one year low of $1.43 and a one year high of $3.13. The stock has a 50-day moving average of $2.50 and a 200 day moving average of $2.28.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a "buy" rating and set a $4.50 target price on shares of Vista Gold in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, Vista Gold currently has a consensus rating of "Buy" and a consensus target price of $4.50.

Vista Gold Company Profile

Vista Gold Corp. is a mineral exploration and development company focused on advancing gold projects. The company's principal asset is the Mt Todd Gold Project in the Northern Territory of Australia, which it holds through its Australian subsidiary. Vista Gold's activities include project evaluation, exploration, engineering and permitting, with the goal of developing Mt Todd into a producing gold mine.

Mt Todd is located near Katherine in the Northern Territory and is regarded by the company as one of Australia's larger undeveloped gold projects.

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