Vista Gold (NYSEAMERICAN:VGZ) Upgraded at Zacks Investment Research

Vista Gold (NYSEAMERICAN:VGZ) (TSE:VGZ) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Vista Gold is a well-funded gold project developer. Their principal asset is their flagship Mt Todd gold project in Northern Territory, Australia. Mt Todd is the largest known undeveloped gold project in Australia. “

Separately, HC Wainwright restated a “buy” rating and set a $3.25 price target on shares of Vista Gold in a research note on Monday, March 1st.

Shares of Vista Gold stock remained flat at $$1.09 on Tuesday. 1,679 shares of the stock traded hands, compared to its average volume of 578,281. Vista Gold has a 1 year low of $0.72 and a 1 year high of $1.45. The firm has a market cap of $112.68 million, a price-to-earnings ratio of 54.50 and a beta of 1.10. The firm has a 50 day simple moving average of $1.03.

Vista Gold (NYSEAMERICAN:VGZ) (TSE:VGZ) last announced its quarterly earnings results on Thursday, April 29th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). As a group, equities analysts predict that Vista Gold will post -0.01 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VGZ. Searle & CO. increased its holdings in shares of Vista Gold by 170.0% in the fourth quarter. Searle & CO. now owns 27,000 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 17,000 shares during the period. Morgan Stanley grew its holdings in Vista Gold by 14,153.5% in the third quarter. Morgan Stanley now owns 28,507 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 28,307 shares during the period. Virtu Financial LLC acquired a new stake in Vista Gold in the third quarter valued at approximately $33,000. Wells Fargo & Company MN grew its holdings in Vista Gold by 22.1% in the fourth quarter. Wells Fargo & Company MN now owns 208,299 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 37,697 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of Vista Gold in the fourth quarter valued at approximately $53,000. 30.28% of the stock is currently owned by hedge funds and other institutional investors.

About Vista Gold

Vista Gold Corp., together with its subsidiaries, engages in the evaluation, acquisition, exploration, and advancement of gold exploration and development projects primarily in Australia. The company's flagship asset is the Mt Todd gold project located in Northern Territory. Vista Gold Corp. was founded in 1983 and is headquartered in Littleton, Colorado.

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