Vista Gold (NYSE:VGZ) Trading Up 9.1% - What's Next?

Key Points

• Vista Gold Corp. shares surged 9.1% during trading, reaching a high of $1.56, with trading volume increasing by 55% compared to the average.
• HC Wainwright upgraded its price target for Vista Gold from $2.75 to $3.00, maintaining a "buy" rating based on the company's positive outlook.
• The company has seen significant institutional interest, with several firms purchasing new stakes, including Jane Street Group LLC and Orion Portfolio Solutions LLC, which increased its stake by 202.7%.

Vista Gold Corp. (NYSE:VGZ - Get Free Report) shares were up 9.1% during trading on Wednesday . The stock traded as high as $1.56 and last traded at $1.56. Approximately 1,033,504 shares were traded during trading, an increase of 55% from the average daily volume of 665,099 shares. The stock had previously closed at $1.43.

Analyst Ratings Changes

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

Vista Gold Stock Up 9.1%

The firm has a market cap of $195.28 million, a price-to-earnings ratio of 17.33 and a beta of 0.93. The stock has a fifty day moving average price of $1.09 and a 200-day moving average price of $0.97.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VGZ. Jane Street Group LLC purchased a new stake in shares of Vista Gold in the first quarter valued at approximately $30,000. Raymond James Financial Inc. purchased a new stake in shares of Vista Gold in the fourth quarter valued at approximately $38,000. Captrust Financial Advisors purchased a new stake in shares of Vista Gold in the second quarter valued at approximately $40,000. XTX Topco Ltd purchased a new stake in shares of Vista Gold in the first quarter valued at approximately $74,000. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of Vista Gold by 202.7% in the second quarter. Orion Porfolio Solutions LLC now owns 96,154 shares of the company's stock valued at $94,000 after buying an additional 64,392 shares in the last quarter. Institutional investors and hedge funds 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.

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