Vista Gold (NYSE:VGZ) Trading Down 4% - Here's Why

Vista Gold Corp. (NYSE:VGZ - Get Free Report) traded down 4% during mid-day trading on Thursday . The stock traded as low as $0.75 and last traded at $0.76. 346,074 shares traded hands during trading, a decline of 6% from the average session volume of 367,136 shares. The stock had previously closed at $0.79.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a "buy" rating and set a $2.75 price objective on shares of Vista Gold in a research report on Wednesday, December 11th.

Vista Gold Stock Down 0.8 %

The firm has a market cap of $92.94 million, a P/E ratio of 8.34 and a beta of 1.72. The company's 50 day simple moving average is $0.66 and its 200-day simple moving average is $0.64.

Hedge Funds Weigh In On Vista Gold

Several hedge funds have recently bought and sold shares of VGZ. Integrated Wealth Concepts LLC purchased a new stake in shares of Vista Gold during the third quarter valued at $62,000. Prairiewood Capital LLC purchased a new stake in Vista Gold in the 4th quarter valued at about $31,000. Nilsine Partners LLC bought a new position in Vista Gold in the 4th quarter worth about $1,100,000. Sprott Inc. purchased a new position in shares of Vista Gold during the fourth quarter worth approximately $86,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Vista Gold during the fourth quarter valued at approximately $38,000. Institutional investors own 27.29% of the company's stock.

Vista Gold Company Profile

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.