Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) shot up 7.1% during mid-day trading on Tuesday . The company traded as high as $0.95 and last traded at $0.91, 511,761 shares changed hands during trading. An increase of 160% from the average session volume of 196,781 shares. The stock had previously closed at $0.85.
A number of brokerages have issued reports on VGZ. Zacks Investment Research raised Vista Gold from a “sell” rating to a “hold” rating in a report on Saturday. HC Wainwright reaffirmed a “buy” rating and set a $2.50 price target on shares of Vista Gold in a report on Wednesday, May 8th.
An institutional investor recently raised its position in Vista Gold stock. Cypress Capital Management LLC WY increased its position in Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) by 6,077.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 185,338 shares of the basic materials company’s stock after purchasing an additional 182,338 shares during the period. Cypress Capital Management LLC WY owned 0.18% of Vista Gold worth $126,000 at the end of the most recent quarter.
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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