Vizsla Silver (NYSEAMERICAN:VZLA) Trading Down 8.9% – Should You Sell?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) fell 8.9% during trading on Tuesday . The company traded as low as $3.47 and last traded at $3.4980. 3,032,156 shares were traded during mid-day trading, a decline of 75% from the average session volume of 11,930,550 shares. The stock had previously closed at $3.84.

Analyst Ratings Changes

A number of research firms have recently weighed in on VZLA. National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 10th. Roth Mkm lifted their price objective on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Cantor Fitzgerald started coverage on shares of Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 target price on the stock. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

Vizsla Silver Price Performance

The business’s 50-day simple moving average is $5.35 and its two-hundred day simple moving average is $4.55. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -98.25 and a beta of 0.93.

Institutional Trading of Vizsla Silver

Several hedge funds and other institutional investors have recently made changes to their positions in VZLA. NewEdge Advisors LLC bought a new position in Vizsla Silver in the 4th quarter valued at approximately $647,000. XTX Topco Ltd acquired a new position in Vizsla Silver in the 4th quarter valued at approximately $337,000. Voloridge Investment Management LLC bought a new position in shares of Vizsla Silver during the fourth quarter valued at $694,000. Quadrature Capital Ltd acquired a new position in shares of Vizsla Silver during the fourth quarter worth $379,000. Finally, Millennium Management LLC lifted its holdings in shares of Vizsla Silver by 57.3% during the fourth quarter. Millennium Management LLC now owns 1,525,746 shares of the company’s stock worth $8,359,000 after purchasing an additional 556,012 shares during the period. 22.46% of the stock is currently owned by institutional investors.

About Vizsla Silver

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.