Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – Time to Sell?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped down before the market opened on Thursday . The stock had previously closed at $3.36, but opened at $3.07. Vizsla Silver shares last traded at $3.1250, with a volume of 5,659,024 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VZLA. Cantor Fitzgerald started coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 target price on the stock. Canadian Imperial Bank of Commerce lowered shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. National Bank Financial cut shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 10th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vizsla Silver presently has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Vizsla Silver Stock Down 6.8%

The firm has a market capitalization of $1.05 billion, a P/E ratio of -8.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 65.89 and a current ratio of 65.89. The stock has a 50 day moving average of $4.65 and a 200-day moving average of $4.62.

Institutional Trading of Vizsla Silver

A number of institutional investors have recently modified their holdings of VZLA. Ameriprise Financial Inc. lifted its holdings in Vizsla Silver by 10.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 26,310 shares of the company’s stock worth $114,000 after purchasing an additional 2,410 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in Vizsla Silver by 20.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 14,681 shares of the company’s stock valued at $80,000 after buying an additional 2,498 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Vizsla Silver by 2.3% during the third quarter. D.A. Davidson & CO. now owns 220,000 shares of the company’s stock valued at $950,000 after buying an additional 5,000 shares during the period. Bogart Wealth LLC bought a new stake in shares of Vizsla Silver during the third quarter valued at about $26,000. Finally, Pale Fire Capital SE lifted its holdings in shares of Vizsla Silver by 25.6% in the second quarter. Pale Fire Capital SE now owns 38,800 shares of the company’s stock worth $114,000 after buying an additional 7,900 shares in the last quarter. 22.46% of the stock is currently owned by hedge funds and other 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.