Vista Gold (NYSEAMERICAN:VGZ) Share Price Breaks Below 50 Day Moving Average - What's Next?

Key Points

• Vista Gold shares fell below their 50-day moving average of $2.50, reaching $2.43 before closing at $2.49 on volume of approximately 3.4 million shares.
• HC Wainwright reaffirmed a Buy rating and a $4.50 price target; the stock has a consensus Buy rating and target of $4.50 from one covering analyst.
• Vista Gold reported a quarterly loss of $0.02 per share, with analysts expecting a full-year loss of $0.07 per share. Institutional investors own 27.29% of the company, which is focused on developing the Mt Todd gold project in Australia.

Vista Gold Corp. (NYSEAMERICAN:VGZ - Get Free Report) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $2.50 and traded as low as $2.43. Vista Gold shares last traded at $2.49, with a volume of 3,404,097 shares trading hands.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $4.50 price objective 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.com, Vista Gold has an average rating of "Buy" and a consensus price target of $4.50.

Vista Gold Price Performance

The company's 50-day simple moving average is $2.50 and its 200 day simple moving average is $2.27. The firm has a market cap of $363.47 million, a P/E ratio of -41.50 and a beta of 1.29.

Vista Gold (NYSEAMERICAN:VGZ - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported ($0.02) earnings per share for the quarter. Analysts anticipate that Vista Gold Corp. will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Gold

Large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new position in shares of Vista Gold during the 1st quarter valued at approximately $30,000. Sequoia Financial Advisors LLC purchased a new stake in Vista Gold during the 2nd quarter valued at $47,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Vista Gold in the first quarter worth $67,000. Three Seasons Wealth LLC bought a new stake in Vista Gold in the first quarter worth $73,000. Finally, Sei Investments Co. purchased a new position in Vista Gold during the first quarter worth $260,000. 27.29% of the stock is owned by institutional investors.

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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