Vista Gold (NYSEAMERICAN:VGZ) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Vista Gold Corp. (NYSEAMERICAN:VGZ)’s share price crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $2.50 and traded as low as $2.43. Vista Gold shares last traded at $2.49, with a volume of 3,404,097 shares.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $4.50 price target on shares of Vista Gold in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $4.50.

Vista Gold Price Performance

The firm has a fifty day moving average price of $2.50 and a two-hundred day moving average price of $2.27. The stock has a market capitalization of $363.47 million, a PE ratio of -41.50 and a beta of 1.29.

Vista Gold (NYSEAMERICAN:VGZ) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. On average, research analysts expect that Vista Gold Corp. will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vista Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Vista Gold by 5.0% in the 1st quarter. Bank of America Corp DE now owns 238,168 shares of the company’s stock valued at $467,000 after buying an additional 11,249 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Vista Gold during the first quarter valued at approximately $30,000. Sequoia Financial Advisors LLC bought a new stake in shares of Vista Gold during the second quarter valued at approximately $47,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Vista Gold in the first quarter valued at approximately $67,000. Finally, Three Seasons Wealth LLC purchased a new stake in shares of Vista Gold in the first quarter valued at approximately $73,000. Institutional investors own 27.29% of the company’s stock.

Vista Gold Company Profile

Vista Gold Corp. is a mineral exploration and development company focused on advancing gold projects. The company’s principal asset is the Mt Todd Gold Project in the Northern Territory of Australia, which it holds through its Australian subsidiary. Vista Gold’s activities include project evaluation, exploration, engineering and permitting, with the goal of developing Mt Todd into a producing gold mine.

Mt Todd is located near Katherine in the Northern Territory and is regarded by the company as one of Australia’s larger undeveloped gold projects.