Vista Gold (NYSEAMERICAN:VGZ) Posts Quarterly Earnings Results

Vista Gold (NYSEAMERICAN:VGZ) issued its earnings results on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports.

Vista Gold Price Performance

Shares of NYSEAMERICAN VGZ traded up $0.03 during mid-day trading on Wednesday, hitting $1.71. 2,249,518 shares of the company’s stock traded hands, compared to its average volume of 1,941,782. The company’s 50-day moving average is $2.02 and its two-hundred day moving average is $2.21. The company has a market capitalization of $249.61 million, a P/E ratio of -28.50 and a beta of 1.25. Vista Gold has a 1 year low of $0.91 and a 1 year high of $3.13.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $4.50 target price on shares of Vista Gold in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Vista Gold has an average rating of “Buy” and a consensus target price of $4.50.

Institutional Investors Weigh In On Vista Gold

Large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new stake in shares of Vista Gold in the 1st quarter valued at approximately $30,000. Jane Street Group LLC bought a new stake in Vista Gold in the first quarter worth $30,000. Dimensional Fund Advisors LP bought a new stake in Vista Gold in the third quarter worth $34,000. Squarepoint Ops LLC purchased a new position in Vista Gold during the third quarter worth $34,000. Finally, Virtu Financial LLC bought a new position in Vista Gold during the fourth quarter valued at $34,000. 27.29% of the stock is owned by institutional investors.

About Vista Gold

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.