Vista Gold (NYSE:VGZ) Trading 2.6% Higher - Time to Buy?

Vista Gold Corp. (NYSE:VGZ - Get Free Report)'s stock price shot up 2.6% during trading on Monday . The company traded as high as $1.02 and last traded at $1.02. 404,355 shares were traded during mid-day trading, a decline of 21% from the average session volume of 514,312 shares. The stock had previously closed at $0.99.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a "buy" rating and set a $2.75 price objective on shares of Vista Gold in a research report on Thursday, May 1st.

Vista Gold Stock Performance

The firm has a 50 day moving average price of $1.03 and a 200-day moving average price of $0.79. The company has a market cap of $123.58 million, a P/E ratio of 11.00 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sprott Inc. acquired a new stake in Vista Gold during the fourth quarter worth about $86,000. Raymond James Financial Inc. bought a new stake in shares of Vista Gold in the 4th quarter worth approximately $38,000. Kopernik Global Investors LLC grew its holdings in shares of Vista Gold by 1.6% during the 4th quarter. Kopernik Global Investors LLC now owns 4,006,199 shares of the company's stock worth $2,235,000 after purchasing an additional 63,577 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of Vista Gold during the fourth quarter valued at approximately $25,000. Finally, Cetera Investment Advisers increased its position in shares of Vista Gold by 4.2% during the first quarter. Cetera Investment Advisers now owns 2,080,700 shares of the company's stock valued at $1,723,000 after purchasing an additional 83,800 shares during the period. Institutional investors own 27.29% of the company's stock.

About Vista Gold

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.