Vizsla Silver (NYSEAMERICAN:VZLA) Shares Up 3.9% – Still a Buy?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) traded up 3.9% on Friday . The company traded as high as $5.88 and last traded at $5.8930. 5,580,154 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 3,734,817 shares. The stock had previously closed at $5.67.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Cantor Fitzgerald initiated coverage on Vizsla Silver in a research report on Monday. They set a “buy” rating and a $7.00 price objective on the stock. Roth Capital raised their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Vizsla Silver presently has an average rating of “Buy” and an average target price of $5.75.

Vizsla Silver Stock Up 4.3%

The firm has a market capitalization of $2.03 billion, a PE ratio of -147.83 and a beta of 0.94. The business’s fifty day moving average price is $4.66 and its 200 day moving average price is $3.95.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bogart Wealth LLC purchased a new position in Vizsla Silver during the 3rd quarter worth $26,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Vizsla Silver during the second quarter worth about $30,000. Hohimer Wealth Management LLC purchased a new position in Vizsla Silver during the third quarter worth about $47,000. Wealth Enhancement Advisory Services LLC purchased a new position in Vizsla Silver during the third quarter worth about $50,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Vizsla Silver in the third quarter valued at about $50,000. Institutional investors and hedge funds own 22.46% of the company’s stock.

Vizsla Silver Company Profile

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.