Vista Gold Downgraded to Sell by StockNews.com

Vista Gold (NYSE:VGZ) received a downgrade from stock analysts at StockNews.com, shifting its rating from "hold" to "sell" in a report released on Friday. This change comes as investors evaluate the company's market performance and forecasts.

In contrast, HC Wainwright reaffirmed its positive view on Vista Gold by maintaining a "buy" rating along with a target price of $2.75 for the shares, as outlined in their report issued on August 20th.

Vista Gold Price Performance Overview

On Friday, Vista Gold's stock experienced a slight decline, trading down by $0.03 to reach a price of $0.66. The day's trading volume recorded was 350,080 shares, which is higher than its average volume of 324,972. The stock has been volatile, showing a fifty-day moving average price of $0.69 and a two-hundred-day moving average price of $0.57. It has seen a range in the past year, with a low of $0.30 and a high of $0.83. Overall, Vista Gold boasts a market capitalization of approximately $80.46 million, alongside a price-to-earnings ratio of -16.52 and a beta value of 1.71, indicating higher volatility compared to the market.

The company most recently reported its earnings results on October 23rd, where it disclosed an earnings per share (EPS) of ($0.01) for the quarter. Analysts are currently predicting that Vista Gold will achieve an EPS of 0.09 for the current financial year.

Institutional Activity in Vista Gold

Recent activity by institutional investors revealed that Cetera Advisors LLC has acquired a new position in Vista Gold stock. According to their latest 13F filing with the Securities and Exchange Commission (SEC), the firm purchased 1,993,900 shares of Vista Gold Corp., which amounts to about $1,126,000 in value. At the end of the last quarter, Cetera Advisors LLC owned approximately 1.64% of Vista Gold's shares. Currently, institutional investors and hedge funds collectively hold around 27.29% of the company's stock.

About Vista Gold Corp.

Vista Gold Corp., alongside its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold projects primarily in Australia. The standout asset of the company is the Mt Todd gold project, located in the Northern Territory of Australia, which is fully owned by Vista Gold. Established in 1983, the company is headquartered in Englewood, Colorado.

Investment Considerations

Before making any investment decisions regarding Vista Gold, it is essential for investors to conduct thorough research. Market analysis from leading analysts has identified various stocks that may offer more promising opportunities than Vista Gold. Stakeholders should stay informed about market conditions and performance forecasts to make well-informed decisions.

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