Shares of Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) traded up 7.1% during trading on Tuesday . The company traded as high as $0.95 and last traded at $0.91, 511,761 shares traded hands during mid-day trading. An increase of 160% from the average session volume of 196,781 shares. The stock had previously closed at $0.85.
A number of equities analysts have commented on the stock. HC Wainwright reissued a “buy” rating and issued a $2.50 price target on shares of Vista Gold in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of Vista Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th.
An institutional investor recently raised its position in Vista Gold stock. Essex Investment Management Co. LLC increased its holdings in Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) by 11.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 313,182 shares of the basic materials company’s stock after purchasing an additional 33,182 shares during the period. Essex Investment Management Co. LLC owned approximately 0.31% of Vista Gold worth $238,000 as of its most recent SEC filing.
Vista Gold Corp., together with its subsidiaries, engages in the evaluation, acquisition, exploration, and advancement of gold exploration and development projects primarily in Australia. Its flagship asset is its 100% owned Mt Todd gold project located in Northern Territory. The company was founded in 1983 and is headquartered in Littleton, Colorado.
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