Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) was the target of a significant decline in short interest in the month of March. As of March 29th, there was short interest totalling 756,724 shares, a decline of 8.1% from the March 15th total of 823,840 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 212,759 shares, the short-interest ratio is currently 3.6 days.

A hedge fund recently bought a new stake in Vista Gold stock. Global Strategic Management Inc. purchased a new position in Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,134,665 shares of the basic materials company’s stock, valued at approximately $4,166,000. Vista Gold makes up 4.1% of Global Strategic Management Inc.’s investment portfolio, making the stock its 12th largest holding. Global Strategic Management Inc. owned approximately 8.11% of Vista Gold at the end of the most recent quarter.

NYSEAMERICAN:VGZ opened at $0.70 on Wednesday. Vista Gold has a 52 week low of $0.37 and a 52 week high of $0.92.

A number of research analysts recently commented on VGZ shares. HC Wainwright restated a “buy” rating and issued a $2.50 target price on shares of Vista Gold in a research note on Tuesday, February 26th. Zacks Investment Research upgraded shares of Vista Gold from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research note on Saturday, March 2nd.

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Vista Gold Company Profile

Vista Gold Corp., together with its subsidiaries, engages in the evaluation, acquisition, exploration, and advancement of gold exploration and development projects primarily in Australia. Its flagship asset is its 100% owned Mt Todd gold project located in Northern Territory. The company was founded in 1983 and is headquartered in Littleton, Colorado.

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