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

Shares of Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) have been given a consensus recommendation of "Buy" by the five research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $3.83.

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

Vizsla Silver Stock Performance

Shares of VZLA stock traded up $0.05 during mid-day trading on Monday, reaching $3.00. The company's stock had a trading volume of 5,223,729 shares, compared to its average volume of 1,978,720. Vizsla Silver has a 1-year low of $1.67 and a 1-year high of $3.66. The company has a market cap of $893.52 million, a P/E ratio of -300.00 and a beta of 0.94. The firm's 50-day moving average is $2.74 and its two-hundred day moving average is $2.28.

Institutional Investors Weigh In On Vizsla Silver

A number of hedge funds have recently made changes to their positions in VZLA. Jupiter Asset Management Ltd. acquired a new stake in shares of Vizsla Silver during the 4th quarter worth about $9,165,000. Mackenzie Financial Corp increased its position in shares of Vizsla Silver by 83.7% during the 1st quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock worth $17,482,000 after purchasing an additional 3,484,743 shares in the last quarter. Sprott Inc. increased its position in shares of Vizsla Silver by 17.4% during the 4th 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 in the last quarter. Millennium Management LLC increased its position in shares of Vizsla Silver by 1,165.0% during the 1st quarter. Millennium Management LLC now owns 2,932,731 shares of the company's stock worth $6,666,000 after purchasing an additional 2,700,887 shares in the last quarter. Finally, Amundi increased its position in shares of Vizsla Silver by 125.0% during the 1st quarter. Amundi now owns 2,250,000 shares of the company's stock worth $4,838,000 after purchasing an additional 1,250,000 shares in the last quarter. Institutional investors and hedge funds own 22.46% of the company's stock.

About Vizsla Silver

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.