Vista Gold (NYSEAMERICAN:VGZ) Releases Quarterly Earnings Results

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

Vista Gold Trading Down 4.2%

Shares of NYSEAMERICAN VGZ traded down $0.07 during midday trading on Friday, hitting $1.71. 626,926 shares of the company’s stock were exchanged, compared to its average volume of 1,926,533. The business’s fifty day moving average price is $2.01 and its two-hundred day moving average price is $2.20. The company has a market cap of $248.88 million, a price-to-earnings ratio of -28.42 and a beta of 1.25. Vista Gold has a 12-month low of $0.91 and a 12-month high of $3.13.

Institutional Trading of Vista Gold

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC purchased a new stake in Vista Gold during the first quarter valued at about $30,000. Jane Street Group LLC purchased a new stake in Vista Gold in the first quarter worth approximately $30,000. Dimensional Fund Advisors LP bought a new position in Vista Gold during the third quarter valued at approximately $34,000. Squarepoint Ops LLC bought a new position in Vista Gold during the third quarter valued at approximately $34,000. Finally, Virtu Financial LLC purchased a new position in shares of Vista Gold during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 27.29% of the company’s stock.

Analysts Set New Price Targets

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

Vista Gold Company Profile

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.