Vista Gold (NYSEAMERICAN:VGZ) Downgraded by Zacks Investment Research

Vista Gold (NYSEAMERICAN:VGZ) (TSE:VGZ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday, 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. “

Vista Gold stock traded down $0.02 during mid-day trading on Friday, hitting $0.83. The company’s stock had a trading volume of 4,280 shares, compared to its average volume of 207,547. Vista Gold has a twelve month low of $0.37 and a twelve month high of $1.05.

Vista Gold (NYSEAMERICAN:VGZ) (TSE:VGZ) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02).

A hedge fund recently bought a new stake in Vista Gold stock. River & Mercantile Asset Management LLP acquired a new position in shares of Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 313,182 shares of the basic materials company’s stock, valued at approximately $238,000. River & Mercantile Asset Management LLP owned 0.31% of Vista Gold as of its most recent filing with the Securities and Exchange Commission.

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.

Further Reading: How does a security become overbought?

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