Vista Gold (NYSEAMERICAN:VGZ) Shares Down 0.8% - What's Next?

Key Points

• Vista Gold shares fell 0.8% to $2.59, with about 2.54 million shares traded, slightly below average volume.
• HC Wainwright reaffirmed a Buy rating and $4.50 price target; the stock’s consensus rating is also Buy, implying substantial upside from current levels.
• Institutional ownership increased, led by Kopernik Global Investors’ 461.6% stake increase; hedge funds and other institutions now own 27.29% of the company.

Vista Gold Corp. (NYSEAMERICAN:VGZ - Get Free Report)'s share price dropped 0.8% during trading on Tuesday. The company traded as low as $2.57 and last traded at $2.59. Approximately 2,542,114 shares changed hands during trading, a decline of 5% from the average session volume of 2,672,818 shares. The stock had previously closed at $2.61.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a "buy" rating and set a $4.50 price target 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, the company presently has a consensus rating of "Buy" and a consensus price target of $4.50.

Vista Gold Price Performance

The stock's 50 day moving average is $2.40 and its two-hundred day moving average is $2.17. The stock has a market capitalization of $378.06 million, a PE ratio of -43.17 and a beta of 1.29.

Vista Gold (NYSEAMERICAN:VGZ - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported ($0.02) earnings per share for the quarter. On average, equities analysts predict that Vista Gold Corp. will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Vista Gold

Several institutional investors have recently modified their holdings of VGZ. Kopernik Global Investors LLC increased its stake in Vista Gold by 461.6% in the first quarter. Kopernik Global Investors LLC now owns 13,852,010 shares of the company's stock valued at $27,150,000 after purchasing an additional 11,385,421 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Vista Gold during the 1st quarter worth approximately $1,677,000. Bank of New York Mellon Corp purchased a new stake in shares of Vista Gold during the 2nd quarter worth approximately $556,000. Squarepoint Ops LLC purchased a new stake in shares of Vista Gold during the 2nd quarter worth approximately $387,000. Finally, Sei Investments Co. acquired a new position in shares of Vista Gold in the 1st quarter valued at $260,000. 27.29% of the stock is owned by hedge funds and other institutional investors.

Vista Gold Company Profile

Vista Gold Corp. is a mineral exploration and development company focused on advancing gold projects. Its primary asset is the Mt Todd gold project in Australia's Northern Territory, which the company is evaluating and developing as a potential large-scale mining operation.

The Mt Todd project is located near Katherine and includes the Batman deposit, along with additional exploration targets and infrastructure associated with historical mining activity in the region. Vista Gold's activities include technical studies, permitting, engineering, exploration and other work intended to support the project's potential development.

Vista Gold is headquartered in Denver, Colorado, and operates through subsidiaries in Australia.

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