Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – Time to Buy?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $5.04, but opened at $5.42. Vizsla Silver shares last traded at $5.2150, with a volume of 1,460,169 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Roth Mkm boosted their target price on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. Finally, Cantor Fitzgerald began coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Vizsla Silver has an average rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Stock Down 13.2%

The business’s 50-day moving average is $5.59 and its two-hundred day moving average is $4.50. The stock has a market capitalization of $1.50 billion, a PE ratio of -107.25 and a beta of 0.93.

Institutional Trading of Vizsla Silver

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bogart Wealth LLC purchased a new position in shares of Vizsla Silver during the third quarter worth about $26,000. Hohimer Wealth Management LLC acquired a new stake in Vizsla Silver during the 3rd quarter worth approximately $47,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Vizsla Silver in the 3rd quarter valued at approximately $50,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Vizsla Silver in the third quarter valued at approximately $50,000. Finally, Swiss Life Asset Management Ltd acquired a new position in shares of Vizsla Silver in the third quarter valued at approximately $53,000. Hedge funds and other institutional investors 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.