Vista Gold (NYSEAMERICAN:VGZ) Stock Price Down 2% - Here's What Happened

Key Points

• Shares fell about 2% in mid-day trading to $2.00 (intraday low $1.94), with ~1.49 million shares traded — down roughly 31% from average session volume.
• HC Wainwright reaffirmed a Buy rating; the consensus rating is Buy with an average target price of $3.00.
• Vista Gold has a market cap of $289.9M, trades below its 50‑day moving average ($2.37) and near its 200‑day MA ($2.14); last quarter EPS was ($0.01) and analysts forecast full‑year EPS of 0.09, with the Mt Todd project as its flagship asset.

Vista Gold Corp. (NYSEAMERICAN:VGZ - Get Free Report) shares fell 2% during mid-day trading on Tuesday . The stock traded as low as $1.94 and last traded at $2.00. 1,489,565 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 2,147,089 shares. The stock had previously closed at $2.04.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a "buy" rating on shares of Vista Gold in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $3.00.

Vista Gold Stock Performance

The company's 50 day moving average price is $2.37 and its 200-day moving average price is $2.14. The company has a market cap of $289.90 million, a price-to-earnings ratio of -33.33 and a beta of 1.21.

Vista Gold (NYSEAMERICAN:VGZ - Get Free Report) last released its earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter. As a group, sell-side analysts forecast that Vista Gold Corp. will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brookstone Capital Management purchased a new position in shares of Vista Gold in the third quarter worth approximately $26,000. Jane Street Group LLC purchased a new position in shares of Vista Gold in the first quarter worth approximately $30,000. Virtu Financial LLC purchased a new position in shares of Vista Gold in the fourth quarter worth approximately $34,000. Dimensional Fund Advisors LP purchased a new position in shares of Vista Gold in the third quarter worth approximately $34,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Vista Gold in the third quarter worth approximately $34,000. 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.