Vizsla Silver Corp. (NYSE:VZLA) Given Average Rating of "Buy" by Brokerages

Shares of Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) have earned a consensus rating of "Buy" from the five brokerages that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $3.83.

Separately, Raymond James Financial reaffirmed an "outperform" rating on shares of Vizsla Silver in a report on Friday, April 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sprott Inc. raised its holdings in shares of Vizsla Silver by 17.4% during the fourth quarter. Sprott Inc. now owns 22,805,466 shares of the company's stock worth $38,670,000 after purchasing an additional 3,384,837 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Vizsla Silver during the fourth quarter worth $188,000. Amundi purchased a new position in shares of Vizsla Silver during the fourth quarter worth $1,710,000. Jupiter Asset Management Ltd. purchased a new position in shares of Vizsla Silver during the fourth quarter worth $9,165,000. Finally, Quantbot Technologies LP raised its holdings in shares of Vizsla Silver by 19.1% during the fourth quarter. Quantbot Technologies LP now owns 56,819 shares of the company's stock worth $97,000 after purchasing an additional 9,102 shares during the last quarter. Hedge funds and other institutional investors own 22.46% of the company's stock.

Vizsla Silver Trading Down 2.9%

NYSE VZLA opened at $3.29 on Monday. The company has a fifty day simple moving average of $2.68 and a two-hundred day simple moving average of $2.25. The stock has a market cap of $979.89 million, a P/E ratio of -329.00 and a beta of 0.94. Vizsla Silver has a 12-month low of $1.67 and a 12-month high of $3.66.

Vizsla Silver Company Profile

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.