Vista Gold (NYSEAMERICAN:VGZ) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Vista Gold (NYSEAMERICAN:VGZ) (TSE:VGZ) from a sell rating to a hold rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “Vista Gold is a well-funded gold project developer. Their principal asset is their flagship Mt Todd gold project in Northern Territory, Australia. Mt Todd is the largest known undeveloped gold project in Australia. “

Separately, HC Wainwright reissued a buy rating and set a $2.50 target price on shares of Vista Gold in a report on Wednesday, May 8th.

VGZ opened at $0.91 on Friday. Vista Gold has a 52-week low of $0.37 and a 52-week high of $1.05.

A hedge fund recently raised its stake in Vista Gold stock. Essex Investment Management Co. LLC lifted its stake in shares of Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) by 11.9% during the 2nd quarter, according to the company in 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 quarter. Essex Investment Management Co. LLC owned 0.31% of Vista Gold worth $238,000 as of its most recent SEC filing.

About Vista Gold

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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