Vista Gold (NYSEAMERICAN:VGZ) Announces Earnings Results

Vista Gold (NYSEAMERICAN:VGZ) released its earnings results on Thursday. The company reported ($0.05) EPS for the quarter, FiscalAI reports.

Vista Gold Stock Down 2.2%

NYSEAMERICAN VGZ traded down $0.06 during trading hours on Thursday, hitting $2.67. The company’s stock had a trading volume of 1,103,003 shares, compared to its average volume of 1,950,857. Vista Gold has a twelve month low of $1.49 and a twelve month high of $3.13. The stock has a fifty day moving average of $2.56 and a 200 day moving average of $2.29. The firm has a market capitalization of $389.74 million, a P/E ratio of -44.50 and a beta of 1.35.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $4.50 price objective on shares of Vista Gold in a report on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $4.50.

Institutional Trading of Vista Gold

A number of institutional investors have recently made changes to their positions in VGZ. Kopernik Global Investors LLC raised its stake in Vista Gold by 461.6% in the first quarter. Kopernik Global Investors LLC now owns 13,852,010 shares of the company’s stock valued at $27,150,000 after buying an additional 11,385,421 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Vista Gold during the first quarter valued at about $1,677,000. Markel Group Inc. bought a new position in shares of Vista Gold in the third quarter valued at approximately $1,667,000. Bank of New York Mellon Corp bought a new stake in Vista Gold in the 2nd quarter worth approximately $556,000. Finally, Squarepoint Ops LLC purchased a new position in Vista Gold in the 2nd quarter worth $387,000. Institutional investors own 27.29% of the company’s stock.

About Vista Gold

Vista Gold Corp. is a gold development company focused on advancing mineral projects toward potential production. Its activities include evaluating, exploring and developing gold assets; it is not primarily an operating gold producer. The company’s principal asset is the 100%-owned Mt Todd gold project in Australia’s Northern Territory, near the town of Katherine. Vista has focused its work there on assessing the project’s development potential and refining its plans for a possible mine. Vista Gold is headquartered in Denver, Colorado.