Vista Gold (NYSE:VGZ) Trading 4.6% Higher - Still a Buy?
Vista Gold Corp. (NYSE:VGZ) shares rose 4.6% during mid-day trading, reaching a high of $1.88. The trading volume increased by 38% from the average. The stock's fifty-day moving average is $1.93, and its 200-day moving average is $1.37. Institutional investors have been modifying their holdings, with 27.29% of the stock owned by them. Despite a Buy rating, top analysts suggest other stocks as better buys.
Shares of Vista Gold Corp. (NYSE:VGZ - Get Free Report) rose 4.6% during mid-day trading on Wednesday . The company traded as high as $1.88 and last traded at $1.82. Approximately 1,361,650 shares changed hands during mid-day trading, an increase of 38% from the average daily volume of 987,155 shares. The stock had previously closed at $1.74.
Vista Gold Trading Up 4.6%
The business's fifty day simple moving average is $1.93 and its 200 day simple moving average is $1.37. The stock has a market cap of $229.70 million, a price-to-earnings ratio of 20.22 and a beta of 1.00.
Hedge Funds Weigh In On Vista Gold
Institutional investors have recently modified their holdings of the stock. Brookstone Capital Management bought a new stake in shares of Vista Gold in the 3rd quarter valued at about $26,000. Squarepoint Ops LLC acquired a new position in Vista Gold during the third quarter valued at approximately $34,000. Dimensional Fund Advisors LP bought a new stake in Vista Gold in the third quarter valued at approximately $34,000. Redmond Asset Management LLC raised its holdings in Vista Gold by 2.2% in the second quarter. Redmond Asset Management LLC now owns 945,110 shares of the company's stock worth $922,000 after purchasing an additional 20,000 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Vista Gold in the third quarter worth $44,000. 27.29% of the stock is currently owned by institutional investors and hedge funds.
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.
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