Vista Gold Corp. (NYSEAMERICAN:VGZ) Short Interest Up 265.2% in June

Vista Gold Corp. (NYSEAMERICAN:VGZ) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,353,848 shares, a growth of 265.2% from the June 15th total of 1,466,187 shares. Based on an average daily volume of 4,557,203 shares, the days-to-cover ratio is presently 1.2 days. Currently, 3.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $4.50 price objective on shares of Vista Gold in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $4.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kopernik Global Investors LLC boosted its stake in shares of Vista Gold by 461.6% in the 1st quarter. Kopernik Global Investors LLC now owns 13,852,010 shares of the company’s stock valued at $27,150,000 after purchasing an additional 11,385,421 shares during the last quarter. Trek Financial LLC bought a new stake in shares of Vista Gold during the fourth quarter worth approximately $4,040,000. Marshall Wace LLP bought a new stake in shares of Vista Gold during the fourth quarter worth approximately $2,501,000. Renaissance Technologies LLC acquired a new position in Vista Gold in the first quarter valued at approximately $1,677,000. Finally, Millennium Management LLC lifted its holdings in Vista Gold by 411.3% in the fourth quarter. Millennium Management LLC now owns 519,601 shares of the company’s stock valued at $1,024,000 after buying an additional 417,975 shares during the period. 27.29% of the stock is currently owned by institutional investors and hedge funds.

Vista Gold Trading Down 3.5%

Shares of VGZ traded down $0.06 during trading hours on Monday, hitting $1.66. 2,733,860 shares of the stock traded hands, compared to its average volume of 3,100,090. Vista Gold has a 1-year low of $0.91 and a 1-year high of $3.13. The firm has a market capitalization of $242.31 million, a PE ratio of -27.67 and a beta of 1.25. The business has a fifty day moving average of $2.15 and a 200-day moving average of $2.23.

Vista Gold (NYSEAMERICAN:VGZ) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Vista Gold will post -0.06 earnings per share for the current fiscal year.

About Vista Gold

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.