Vista Gold (NYSEAMERICAN:VGZ) Receives Buy Rating from HC Wainwright

Vista Gold (NYSEAMERICAN:VGZ)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $4.50 price objective on the stock. HC Wainwright’s target price points to a potential upside of 113.27% from the stock’s current price.

Vista Gold Stock Performance

Shares of VGZ opened at $2.11 on Wednesday. The stock has a 50-day moving average of $2.10 and a two-hundred day moving average of $2.16. Vista Gold has a one year low of $0.91 and a one year high of $3.13. The stock has a market cap of $308.00 million, a P/E ratio of -35.17 and a beta of 1.20.

Vista Gold (NYSEAMERICAN:VGZ) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.02) EPS for the quarter. Analysts predict that Vista Gold will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Gold

Several large investors have recently made changes to their positions in VGZ. Trek Financial LLC acquired a new position in Vista Gold during the fourth quarter worth $4,040,000. Virtu Financial LLC acquired a new stake in Vista Gold during the 4th quarter worth approximately $34,000. Dimensional Fund Advisors LP acquired a new position in Vista Gold in the 3rd quarter valued at $34,000. Squarepoint Ops LLC acquired a new position in Vista Gold during the third quarter worth $34,000. Finally, Bank of America Corp DE grew its holdings in Vista Gold by 5.0% during the first quarter. Bank of America Corp DE now owns 238,168 shares of the company’s stock worth $467,000 after acquiring an additional 11,249 shares during the period. 27.29% of the stock is currently owned by institutional investors and hedge funds.

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.