Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 689,714 shares, a decline of 4.1% from the April 15th total of 719,312 shares. Based on an average daily volume of 96,043 shares, the days-to-cover ratio is presently 7.2 days. Approximately 0.7% of the shares of the company are sold short.
A number of equities analysts have commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $2.50 price objective on shares of Vista Gold in a research report on Tuesday, February 26th. Zacks Investment Research raised shares of Vista Gold from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a research report on Saturday, March 2nd.
VGZ opened at $0.55 on Wednesday. Vista Gold has a fifty-two week low of $0.37 and a fifty-two week high of $0.92.
Vista Gold (NYSEAMERICAN:VGZ) (TSE:VGZ) last posted its earnings results on Tuesday, May 7th. The basic materials company reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03).
Several institutional investors and hedge funds have recently bought and sold shares of VGZ. Essex Investment Management Co. LLC acquired a new stake in shares of Vista Gold during the fourth quarter worth $147,000. Global Strategic Management Inc. acquired a new stake in shares of Vista Gold during the fourth quarter worth $4,166,000. Finally, Cypress Capital Management LLC WY lifted its holdings in shares of Vista Gold by 6,077.9% during the first quarter. Cypress Capital Management LLC WY now owns 185,338 shares of the basic materials company’s stock worth $126,000 after buying an additional 182,338 shares in the last quarter.
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Vista Gold Company Profile
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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