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

Vista Gold (NYSE:VGZ)‘s stock had its “buy” rating restated by HC Wainwright in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $2.75 target price on the stock. HC Wainwright’s target price points to a potential upside of 357.80% from the company’s previous close.

Separately, StockNews.com began coverage on shares of Vista Gold in a report on Wednesday, August 14th. They set a “hold” rating for the company.

Vista Gold Stock Up 8.0 %

Shares of VGZ stock opened at $0.60 on Tuesday. Vista Gold has a 52-week low of $0.30 and a 52-week high of $0.62. The stock’s 50-day moving average price is $0.50 and its 200 day moving average price is $0.49. The stock has a market capitalization of $73.14 million, a PE ratio of -15.02 and a beta of 1.66.

Vista Gold (NYSE:VGZ) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.12 earnings per share for the quarter. Analysts expect that Vista Gold will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Vista Gold stock. Cetera Advisors LLC bought a new stake in Vista Gold Corp. (NYSE:VGZ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,993,900 shares of the company’s stock, valued at approximately $1,126,000. Cetera Advisors LLC owned 1.64% of Vista Gold as of its most recent filing with the Securities & Exchange Commission. 27.29% of the stock is owned by institutional investors and hedge funds.

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.