Vista Gold (NYSE:VGZ) Stock Price Down 4% – Should You Sell?

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

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $2.75 price target on shares of Vista Gold in a research report on Wednesday, December 11th.

Vista Gold Trading Down 4.0 %

The company’s 50-day simple moving average is $0.66 and its 200 day simple moving average is $0.64. The stock has a market cap of $93.80 million, a P/E ratio of 8.42 and a beta of 1.72.

Hedge Funds Weigh In On Vista Gold

Hedge funds have recently modified their holdings of the company. Nilsine Partners LLC bought a new position in shares of Vista Gold during the 4th quarter worth approximately $1,100,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Vista Gold during the 3rd quarter worth approximately $62,000. Prairiewood Capital LLC purchased a new stake in shares of Vista Gold during the 4th quarter worth approximately $31,000. Sprott Inc. purchased a new stake in shares of Vista Gold during the 4th quarter worth approximately $86,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Vista Gold during the 4th quarter worth approximately $38,000. Institutional investors 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.