Vista Gold (NYSEAMERICAN:VGZ) Trading Down 3.8% - Should You Sell?

Key Points

• Down 3.8% — Vista Gold shares fell to about $2.04 on Wednesday (intraday low $2.01) with ~890,438 shares traded, roughly 53% below its average daily volume.
• HC Wainwright reaffirmed a Buy and the analyst consensus remains Buy with an average price target of $3.00.
• Fundamentals show a market cap of about $296M, negative earnings (last quarter EPS -$0.01; FY estimate -$0.06) and 50-/200-day moving averages of $2.21/$2.13, while institutions own roughly 27% of the stock.

Vista Gold Corp. (NYSEAMERICAN:VGZ - Get Free Report) was down 3.8% on Wednesday . The company traded as low as $2.01 and last traded at $2.04. Approximately 890,438 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 1,877,857 shares. The stock had previously closed at $2.12.

Analysts Set New Price Targets

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

Vista Gold Stock Performance

The firm's 50-day moving average price is $2.21 and its 200 day moving average price is $2.13. The company has a market cap of $295.70 million, a price-to-earnings ratio of -34.00 and a beta of 1.21.

Vista Gold (NYSEAMERICAN:VGZ - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter. As a group, equities research analysts predict that Vista Gold Corp. will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Gold

Institutional investors have recently modified their holdings of the business. Brookstone Capital Management acquired a new stake in shares of Vista Gold during the 3rd quarter worth approximately $26,000. Jane Street Group LLC acquired a new stake in shares of Vista Gold during the 1st quarter worth approximately $30,000. Virtu Financial LLC acquired a new stake in shares of Vista Gold during the 4th quarter worth approximately $34,000. Dimensional Fund Advisors LP acquired a new stake in shares of Vista Gold during the 3rd quarter worth approximately $34,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Vista Gold during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 27.29% of the company's stock.

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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