Vista Gold (NYSE:VGZ) Shares Down 2.4% – Here’s What Happened

Posted by Joseph Griffin on Nov 16th, 2024

Vista Gold Corp. (NYSE:VGZ – Get Free Report) dropped 2.4% during trading on Friday . The stock traded as low as $0.51 and last traded at $0.52. Approximately 646,818 shares were traded during trading, an increase of 91% from the average daily volume of 339,027 shares. The stock had previously closed at $0.54.

Analyst Ratings Changes

VGZ has been the subject of several recent analyst reports. StockNews.com cut Vista Gold from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. HC Wainwright reaffirmed a “buy” rating and set a $2.75 target price on shares of Vista Gold in a research note on Tuesday, August 20th.

View Our Latest Analysis on Vista Gold

Vista Gold Stock Down 2.4 %

The firm has a 50 day moving average of $0.68 and a 200 day moving average of $0.58. The firm has a market cap of $64.30 million, a price-to-earnings ratio of 5.80 and a beta of 1.73.

Vista Gold (NYSE:VGZ – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.01) EPS for the quarter. Equities analysts expect that Vista Gold Corp. will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Vista Gold

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

About Vista Gold

(Get Free Report)

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.