HC Wainwright Reiterates “Buy” Rating for Vista Gold (NYSE:VGZ)

Vista Gold (NYSE:VGZ)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a research report issued on Wednesday,Benzinga reports. They currently have a $2.75 price objective on the stock. HC Wainwright’s price objective indicates a potential upside of 384.15% from the stock’s current price.

Separately, StockNews.com lowered Vista Gold from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

Vista Gold Trading Down 3.7 %

Vista Gold stock traded down $0.02 during trading hours on Wednesday, reaching $0.57. 288,795 shares of the company were exchanged, compared to its average volume of 344,302. Vista Gold has a 12 month low of $0.31 and a 12 month high of $0.83. The firm has a market cap of $69.95 million, a price-to-earnings ratio of 6.35 and a beta of 1.72. The stock has a 50-day moving average of $0.65 and a 200 day moving average of $0.59.

Vista Gold (NYSE:VGZ) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.01) earnings per share for the quarter. As a group, research analysts forecast that Vista Gold will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Vista Gold

A hedge fund recently bought a new stake in Vista Gold stock. Integrated Wealth Concepts LLC bought a new stake in Vista Gold Corp. (NYSE:VGZ) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 80,000 shares of the company’s stock, valued at approximately $62,000. Integrated Wealth Concepts LLC owned about 0.06% of Vista Gold as of its most recent filing with the SEC. Institutional investors and hedge funds own 27.29% of the company’s stock.

About Vista Gold

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.