Vista Gold (NYSEAMERICAN:VGZ) Shares Up 6.7% - Should You Buy?

Key Points

• Vista Gold shares rose 6.7% to $2.24 in midday trading, with nearly 989,000 shares changing hands. The company has a market capitalization of approximately $327 million.
• HC Wainwright reaffirmed a “Buy” rating and a $4.50 price target, implying substantial upside from the recent share price. MarketBeat’s consensus view is also “Buy,” based on one analyst rating.
• Vista Gold reported a quarterly loss of $0.02 per share, while analysts expect a full-year loss of $0.07 per share. Its flagship asset is the Mt Todd gold project in Australia, and institutional investors own 27.29% of the stock.

Vista Gold Corp. (NYSEAMERICAN:VGZ - Get Free Report)'s share price rose 6.7% during mid-day trading on Wednesday . The stock traded as high as $2.24 and last traded at $2.24. 988,780 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 1,085,238 shares. The stock had previously closed at $2.10.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $4.50 price objective on shares of Vista Gold in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $4.50.

Vista Gold Stock Performance

The firm has a market capitalization of $326.97 million, a PE ratio of -37.33 and a beta of 1.35. The stock has a fifty day moving average price of $1.97 and a 200-day moving average price of $2.15.

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

Institutional Trading of Vista Gold

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

Vista Gold Company Profile

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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