Vista Gold Corp. (VGZ) Shares Rise Despite Market Challenges

Vista Gold Corp. (AMEX: VGZ) has experienced a rise in its stock price by 4.30 compared to its previous closing price of 0.55. However, the company has seen a gain of 3.18% in its stock price over the last five trading days. businesswire.com reported 2024-06-21 that DENVER–(BUSINESS WIRE)–Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty. Ltd. (“Vista Australia”) has received the third and final instalment payment of $10 million (“Final Instalment”) under the royalty agreement between Vista Australia and Wheaton Precious Metals (Cayman) Co., an affiliate of Wheaton Precious Metals Corp. (“Wheaton”) dated December 13, 2023 (“Royalty Agreement”), in rel.

Is It Worth Investing in Vista Gold Corp. (AMEX: VGZ) Right Now?

Company’s 36-month beta value is 1.67.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for VGZ is 117.77M, and currently, short sellers hold a 0.16% ratio of that floaft. The average trading volume of VGZ on July 24, 2024 was 232.91K shares.

VGZ’s Market Performance

VGZ’s stock has seen a 3.18% increase for the week, with a 21.91% rise in the past month and a 13.02% gain in the past quarter. The volatility ratio for the week is 7.54%, and the volatility levels for the past 30 days are at 4.59% for Vista Gold Corp. The simple moving average for the past 20 days is 16.23% for VGZ’s stock, with a 30.68% simple moving average for the past 200 days.

Analysts’ Opinion of VGZ

Many brokerage firms have already submitted their reports for VGZ stocks, with ROTH Capital repeating the rating for VGZ by listing it as a “Buy.” The predicted price for VGZ in the upcoming period, according to ROTH Capital is $2.30 based on the research report published on October 27, 2020 of the previous year 2020.

H.C. Wainwright, on the other hand, stated in their research note that they expect to see VGZ reach a price target of $0.50. The rating they have provided for VGZ stocks is “Buy” according to the report published on June 29th, 2015.

H.C. Wainwright gave a rating of “Buy” to VGZ, setting the target price at $1.25 in the report published on June 19th of the previous year.

VGZ Trading at 14.71% from the 50-Day Moving Average

After a stumble in the market that brought VGZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.44% of loss for the given period.

Volatility was left at 4.59%, however, over the last 30 days, the volatility rate increased by 7.54%, as shares surge +24.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.15% upper at present.

During the last 5 trading sessions, VGZ rose by +3.91%, which changed the moving average for the period of 200-days by +52.36% in comparison to the 20-day moving average, which settled at $0.5001. In addition, Vista Gold Corp. saw 27.17% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at VGZ starting from Tobler Douglas L., who purchase 3,500 shares at the price of $0.48 back on Mar 21 ’24. After this action, Tobler Douglas L. now owns 341,902 shares of Vista Gold Corp., valued at $1,690 using the latest closing price.

Stevenson Tracy Austin, the Director of Vista Gold Corp., purchase 20,000 shares at $0.37 during a trade that took place back on Jan 11 ’24, which means that Stevenson Tracy Austin is holding 453,199 shares at $7,324 based on the most recent closing price.

Stock Fundamentals for VGZ

Current profitability levels for the company are sitting at:

  • -100.0 for the present operating margin
  • 0.3 for the gross margin

The net margin for Vista Gold Corp. stands at -94.78. The total capital return value is set at -0.42. Equity return is now at value -89.66, with -45.96 for asset returns.

Currently, EBITDA for the company is 6724.0 with net debt to EBITDA at 1.58. When we switch over and look at the enterprise to sales, we see a ratio of 962.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.59.

Conclusion

In a nutshell, Vista Gold Corp. (VGZ) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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