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

HC Wainwright reissued their buy rating on shares of Vista Gold (NYSE:VGZ) in a report issued on Tuesday morning, Benzinga reports. They currently have a $2.75 target price on the stock. HC Wainwright also issued estimates for Vista Gold’s FY2024 earnings at $0.09 EPS.

Separately, StockNews.com started coverage on shares of Vista Gold in a research note on Monday, July 15th. They set a hold rating for the company.

Vista Gold Stock Performance

Shares of Vista Gold stock opened at $0.51 on Tuesday. The stock has a 50 day moving average of $0.50 and a 200 day moving average of $0.48. The firm has a market capitalization of $62.88 million, a price-to-earnings ratio of -12.86 and a beta of 1.66. Vista Gold has a fifty-two week low of $0.30 and a fifty-two week high of $0.62.

Vista Gold (NYSE:VGZ) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share for the quarter. Analysts forecast that Vista Gold will post -0.05 EPS for the current year.

Institutional Trading of Vista Gold

A hedge fund recently bought a new stake in Vista Gold stock. Cetera Advisors LLC acquired a new stake in Vista Gold Corp. (NYSE:VGZ) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,993,900 shares of the company’s stock, valued at approximately $1,126,000. Cetera Advisors LLC owned 1.64% of Vista Gold at the end of the most recent quarter. 27.29% of the stock is owned by hedge funds and other institutional investors.

Vista Gold Company Profile

Vista Gold Corp., together with its subsidiaries, acquires, explores, evaluates, and advances gold exploration and development projects in Australia. Its flagship asset is the 100% owned Mt Todd gold project located in Northern Territory, Australia. The company was incorporated in 1983 and is based in Englewood, Colorado.