Vizsla Silver Corp. (NYSE:VZLA) Receives $3.83 Consensus Price Target from Brokerages

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) has received a consensus rating of "Buy" from the five research firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $3.83.

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

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors have recently added to or reduced their stakes in VZLA. Jupiter Asset Management Ltd. bought a new position in shares of Vizsla Silver in the fourth quarter worth about $9,165,000. Mackenzie Financial Corp raised its stake in shares of Vizsla Silver by 83.7% in the first quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock worth $17,482,000 after acquiring an additional 3,484,743 shares during the last quarter. Sprott Inc. raised its stake in shares of Vizsla Silver by 17.4% in the fourth quarter. Sprott Inc. now owns 22,805,466 shares of the company's stock worth $38,670,000 after acquiring an additional 3,384,837 shares during the last quarter. Millennium Management LLC raised its stake in shares of Vizsla Silver by 1,165.0% in the first quarter. Millennium Management LLC now owns 2,932,731 shares of the company's stock worth $6,666,000 after acquiring an additional 2,700,887 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Vizsla Silver by 17.7% in the fourth quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company's stock worth $19,185,000 after acquiring an additional 1,706,330 shares during the last quarter. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Stock Performance

Shares of NYSE:VZLA traded up $0.21 during midday trading on Thursday, reaching $3.10. 3,649,468 shares of the company's stock were exchanged, compared to its average volume of 1,751,129. The company's 50 day simple moving average is $2.30 and its two-hundred day simple moving average is $2.10. The firm has a market capitalization of $910.80 million, a PE ratio of -310.00 and a beta of 0.76. Vizsla Silver has a 12 month low of $1.59 and a 12 month high of $3.11.

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.