Vista Gold (NYSEAMERICAN:VGZ) Shares Up 9% – What’s Next?

Vista Gold Corp. (NYSEAMERICAN:VGZ) shares rose 9% during mid-day trading on Friday . The company traded as high as $2.13 and last traded at $2.05. 26,339,440 shares changed hands during trading, an increase of 1,246% from the average session volume of 1,957,332 shares. The stock had previously closed at $1.88.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $4.50 target price on shares of Vista Gold in a report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Vista Gold has an average rating of “Buy” and an average price target of $4.50.

Vista Gold Stock Performance

The stock has a market cap of $299.24 million, a P/E ratio of -34.17 and a beta of 1.22. The stock’s fifty day moving average is $2.23 and its 200 day moving average is $2.26.

Vista Gold (NYSEAMERICAN:VGZ) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. Equities research analysts predict that Vista Gold Corp. will post -0.06 EPS for the current year.

Institutional Investors Weigh In On Vista Gold

Several hedge funds and other institutional investors have recently made changes to their positions in VGZ. Jane Street Group LLC purchased a new position in shares of Vista Gold during the 1st quarter worth about $30,000. Orion Porfolio Solutions LLC boosted its position in shares of Vista Gold by 202.7% during 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 during the period. Captrust Financial Advisors bought a new position in shares of Vista Gold during the second quarter valued at approximately $40,000. Sprott Inc. grew its stake in shares of Vista Gold by 81.0% during the third quarter. Sprott Inc. now owns 321,079 shares of the company’s stock valued at $684,000 after buying an additional 143,689 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Vista Gold in the third quarter worth approximately $34,000. Hedge funds and other 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 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.