Vista Gold (NYSE:VGZ) Stock Price Down 0.9% - Here's What Happened

Key Points

• Vista Gold Corp. shares decreased by 0.9%, trading between $2.10 and $2.15, with trading volume significantly up by 146% compared to the average session.
• Analysts have a consensus target price of $3.00 for the stock, with HC Wainwright recently raising their price target from $2.75 to $3.00 and maintaining a "buy" rating.
• Institutional investors, owning 27.29% of Vista Gold's stock, have made various changes to their positions, including significant increases by several investment firms.

Vista Gold Corp. (NYSE:VGZ - Get Free Report) shares traded down 0.9% during trading on Thursday . The company traded as low as $2.10 and last traded at $2.15. 2,026,461 shares changed hands during trading, an increase of 146% from the average session volume of 825,177 shares. The stock had previously closed at $2.17.

Analyst Ratings Changes

Separately, HC Wainwright upped their price target on Vista Gold from $2.75 to $3.00 and gave the company a "buy" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $3.00.

Vista Gold Stock Performance

The stock has a market cap of $269.14 million, a P/E ratio of 23.89 and a beta of 0.94. The firm has a 50-day moving average price of $1.44 and a 200-day moving average price of $1.12.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Vista Gold in the 1st quarter worth approximately $30,000. Captrust Financial Advisors bought a new position in shares of Vista Gold in the 2nd quarter worth approximately $40,000. XTX Topco Ltd bought a new position in shares of Vista Gold in the 1st quarter worth approximately $74,000. Orion Porfolio Solutions LLC raised its position in shares of Vista Gold by 202.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 96,154 shares of the company's stock worth $94,000 after acquiring an additional 64,392 shares in the last quarter. Finally, Redmond Asset Management LLC increased its position in Vista Gold by 2.2% during the 2nd quarter. Redmond Asset Management LLC now owns 945,110 shares of the company's stock valued at $922,000 after buying an additional 20,000 shares in the last quarter. Institutional investors own 27.29% of the company's stock.

Vista Gold Company Profile

Vista Gold Corp., together with its subsidiaries, acquires, explores, evaluates, and advances gold exploration and development projects in Australia. Its flagship asset is the 100% owned Mt Todd gold project located in Northern Territory, Australia. The company was incorporated in 1983 and is based in Englewood, Colorado.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.