Vista Gold (NYSEAMERICAN:VGZ) Posts Earnings Results

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

Vista Gold Price Performance

VGZ opened at $2.64 on Friday. The stock has a fifty day moving average price of $2.57 and a 200 day moving average price of $2.29. Vista Gold has a 1 year low of $1.49 and a 1 year high of $3.13.

Wall Street Analyst Weigh In

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

Institutional Trading of Vista Gold

A number of institutional investors have recently added to or reduced their stakes in the business. Kopernik Global Investors LLC raised its holdings in shares of Vista Gold by 461.6% during the 1st quarter. Kopernik Global Investors LLC now owns 13,852,010 shares of the company’s stock valued at $27,150,000 after purchasing an additional 11,385,421 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Vista Gold during the first quarter worth $1,677,000. Markel Group Inc. acquired a new position in Vista Gold during the third quarter worth $1,667,000. Bank of New York Mellon Corp acquired a new position in Vista Gold during the second quarter worth $556,000. Finally, Bank of America Corp DE raised its holdings in Vista Gold by 5.0% during the first quarter. Bank of America Corp DE now owns 238,168 shares of the company’s stock valued at $467,000 after buying an additional 11,249 shares in the last quarter. 27.29% of the stock is currently owned by institutional investors and hedge funds.

Vista Gold Company Profile

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.