Vista Gold (NYSE:VGZ) Shares Down 3.4% – Should You Sell?

Vista Gold Corp. (NYSE:VGZGet Free Report) was down 3.4% during trading on Wednesday . The company traded as low as $2.07 and last traded at $2.1050. Approximately 1,212,625 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 1,046,691 shares. The stock had previously closed at $2.18.

Vista Gold Price Performance

The stock has a market capitalization of $265.67 million, a P/E ratio of 23.39 and a beta of 1.14. The stock’s fifty day moving average is $1.87 and its two-hundred day moving average is $1.53.

Hedge Funds Weigh In On Vista Gold

A number of institutional investors have recently bought and sold shares of the stock. Mirabella Financial Services LLP acquired a new stake in Vista Gold during the 3rd quarter worth about $104,000. Mariner LLC acquired a new stake in shares of Vista Gold during the third quarter valued at approximately $320,000. Millennium Management LLC acquired a new stake in shares of Vista Gold during the third quarter valued at approximately $216,000. Centiva Capital LP purchased a new stake in shares of Vista Gold in the 3rd quarter valued at approximately $161,000. Finally, Bank of America Corp DE boosted its stake in Vista Gold by 379.5% in the 3rd quarter. Bank of America Corp DE now owns 97,812 shares of the company’s stock worth $208,000 after purchasing an additional 77,412 shares during the period. Hedge funds and other institutional investors own 27.29% of the company’s stock.

Vista Gold Company Profile

(Get Free Report)

Vista Gold Corp is a mineral exploration and development company focused on the acquisition, exploration and advancement of gold resource projects. The company’s primary objective is to bring high-quality gold deposits into production through systematic exploration, feasibility studies and environmental permitting. Vista Gold’s technical team applies modern exploration and development methodologies to de-risk assets and demonstrate the economic potential of its mineral holdings.

The company’s flagship asset is the Mt Todd gold project, located in the Northern Territory of Australia.

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