Vista Gold (NYSE:VGZ) Shares Down 2.8% - Should You Sell?

Vista Gold Corp. (NYSE:VGZ - Get Free Report) was down 2.8% on Wednesday . The company traded as low as $0.63 and last traded at $0.63. Approximately 73,195 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 251,219 shares. The stock had previously closed at $0.65.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VGZ shares. HC Wainwright reissued a "buy" rating and issued a $2.75 target price on shares of Vista Gold in a research note on Wednesday, December 11th. StockNews.com lowered Vista Gold from a "hold" rating to a "sell" rating in a research note on Friday, October 25th.

Vista Gold Trading Up 1.0 %

The business has a fifty day simple moving average of $0.60 and a two-hundred day simple moving average of $0.62. The stock has a market cap of $77.21 million, a PE ratio of 6.97 and a beta of 1.72.

Hedge Funds Weigh In On Vista Gold

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nilsine Partners LLC bought a new position in Vista Gold in the 4th quarter worth $1,100,000. Sprott Inc. purchased a new position in shares of Vista Gold during the fourth quarter valued at about $86,000. Integrated Wealth Concepts LLC purchased a new position in shares of Vista Gold during the third quarter valued at about $62,000. Raymond James Financial Inc. purchased a new position in Vista Gold in the fourth quarter worth about $38,000. Finally, Kopernik Global Investors LLC grew its position in Vista Gold by 1.6% in the fourth quarter. Kopernik Global Investors LLC now owns 4,006,199 shares of the company's stock worth $2,235,000 after acquiring an additional 63,577 shares in the last quarter. 27.29% of the stock is owned by institutional investors.

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.