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

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) has earned a consensus rating of "Buy" from the five brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $3.83.

A number of research firms have recently commented on VZLA. National Bank Financial raised shares of Vizsla Silver to a "strong-buy" rating in a research report on Thursday, June 26th. Raymond James Financial reiterated an "outperform" rating on shares of Vizsla Silver in a research note on Friday, April 4th.

Vizsla Silver Trading Up 1.9%

VZLA stock traded up $0.06 during mid-day trading on Friday, reaching $3.30. 4,576,744 shares of the stock traded hands, compared to its average volume of 2,209,338. Vizsla Silver has a 52-week low of $1.67 and a 52-week high of $3.66. The company has a market cap of $1.13 billion, a P/E ratio of -330.00 and a beta of 0.92. The stock's fifty day moving average is $3.02 and its 200-day moving average is $2.43.

Institutional Investors Weigh In On Vizsla Silver

Several large investors have recently made changes to their positions in the stock. Quantbot Technologies LP raised its stake in Vizsla Silver by 19.1% in the 4th quarter. Quantbot Technologies LP now owns 56,819 shares of the company's stock valued at $97,000 after acquiring an additional 9,102 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in Vizsla Silver in the 2nd quarter valued at $30,000. Cambridge Investment Research Advisors Inc. raised its stake in Vizsla Silver by 7.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company's stock valued at $376,000 after acquiring an additional 10,975 shares during the period. Accredited Investors Inc. bought a new position in Vizsla Silver during the 1st quarter worth $35,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Vizsla Silver during the 1st quarter worth $36,000. Institutional investors and hedge funds own 22.46% of the company's stock.

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.