Vizsla Silver (NYSEAMERICAN:VZLA) Trading Down 9.8% – Time to Sell?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was down 9.8% during mid-day trading on Thursday . The company traded as low as $4.43 and last traded at $4.4550. Approximately 4,582,999 shares were traded during trading, a decline of 54% from the average daily volume of 9,863,268 shares. The stock had previously closed at $4.94.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VZLA. Roth Mkm lifted their price target on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Cantor Fitzgerald assumed coverage on 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 reiterated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Price Performance

The firm has a market capitalization of $1.54 billion, a P/E ratio of -110.13 and a beta of 0.93. The stock has a fifty day moving average of $5.59 and a 200 day moving average of $4.50.

Institutional Trading of Vizsla Silver

Large investors have recently added to or reduced their stakes in the stock. Trek Financial LLC bought a new position in shares of Vizsla Silver during the 3rd quarter worth $3,755,000. Intact Investment Management Inc. purchased a new stake in Vizsla Silver during the third quarter valued at about $690,000. K.J. Harrison & Partners Inc bought a new position in Vizsla Silver during the second quarter worth about $2,460,000. Verde Servicos Internacionais S.A. purchased a new position in shares of Vizsla Silver in the second quarter worth about $323,000. Finally, Fourth Sail Capital LP purchased a new position in shares of Vizsla Silver in the second quarter worth about $12,736,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

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.