Renaissance Technologies LLC Makes New $1.68 Million Investment in Vista Gold Corp. $VGZ

Key Points

• Renaissance Technologies purchased 855,505 shares of Vista Gold, worth approximately $1.68 million, giving it a 0.59% stake. Other institutional investors also initiated positions, while institutions collectively own 27.29% of the company.
• HC Wainwright reaffirmed a Buy rating and a $4.50 price target; Vista Gold’s consensus rating is also Buy. The stock recently opened at $2.27, compared with a 52-week range of $1.03 to $3.13.
• Vista Gold reported a quarterly loss of $0.02 per share, and analysts expect a full-year loss of $0.07 per share. The company is focused on developing gold resources, led by its Mt Todd project in Australia.

Renaissance Technologies LLC bought a new stake in Vista Gold Corp. (NYSEAMERICAN:VGZ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 855,505 shares of the company's stock, valued at approximately $1,677,000. Renaissance Technologies LLC owned about 0.59% of Vista Gold at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in Vista Gold during the first quarter worth about $30,000. Jane Street Group LLC purchased a new stake in Vista Gold in the 1st quarter valued at about $30,000. Virtu Financial LLC purchased a new stake in Vista Gold in the 4th quarter valued at about $34,000. Dimensional Fund Advisors LP bought a new position in shares of Vista Gold during the 3rd quarter worth approximately $34,000. Finally, Squarepoint Ops LLC bought a new position in shares of Vista Gold during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 27.29% of the company's stock.

Analysts Set New Price Targets

Separately, HC Wainwright restated a "buy" rating and issued a $4.50 target price on shares of Vista Gold in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Vista Gold presently has an average rating of "Buy" and a consensus price target of $4.50.

Vista Gold Price Performance

NYSEAMERICAN:VGZ opened at $2.27 on Wednesday. The business has a fifty day simple moving average of $1.96 and a two-hundred day simple moving average of $2.19. Vista Gold Corp. has a 1 year low of $1.03 and a 1 year high of $3.13. The company 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.02) EPS for the quarter. As a group, analysts anticipate that Vista Gold Corp. will post -0.07 earnings per share for the current year.

About Vista Gold

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.

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