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

Key Points

• Vizsla Silver Corp. (NYSE:VZLA) has received an average consensus recommendation of "Buy" from six brokerages, including one "strong buy" and four "buy" ratings.
• The average price target for Vizsla Silver among analysts is $3.25, while the stock is currently trading at $3.67 and has seen a significant increase in institutional investment during the fourth quarter.
• Vizsla Silver engages in the exploration and development of precious metals, owning 100% interest in the Panuco Project located in southern Sinaloa, Mexico.

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) has earned an average rating of "Buy" from the six research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.25.

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Vizsla Silver from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Roth Capital reiterated a "buy" rating on shares of Vizsla Silver in a research note on Monday, September 8th. Finally, National Bank Financial raised shares of Vizsla Silver to a "strong-buy" rating in a report on Thursday, June 26th.

Vizsla Silver Stock Performance

NYSE VZLA traded down $0.03 during trading hours on Tuesday, hitting $3.85. The company had a trading volume of 3,206,118 shares, compared to its average volume of 3,042,375. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -385.00 and a beta of 0.94. Vizsla Silver has a 52 week low of $1.67 and a 52 week high of $4.00. The firm has a 50 day simple moving average of $3.37 and a 200 day simple moving average of $2.80.

Hedge Funds Weigh In On Vizsla Silver

A number of institutional investors have recently added to or reduced their stakes in VZLA. Sprott Inc. raised its holdings in shares of Vizsla Silver by 3.9% in the 1st quarter. Sprott Inc. now owns 23,703,712 shares of the company's stock valued at $54,084,000 after acquiring an additional 898,246 shares in the last quarter. Franklin Resources Inc. raised its stake in Vizsla Silver by 9.3% in the second quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company's stock valued at $45,146,000 after purchasing an additional 1,306,000 shares in the last quarter. Tidal Investments LLC bought a new stake in Vizsla Silver during the second quarter valued at approximately $24,562,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Vizsla Silver by 36.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,255,993 shares of the company's stock valued at $24,323,000 after purchasing an additional 2,202,837 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Vizsla Silver by 274.5% in the 2nd quarter. Bank of America Corp DE now owns 8,022,629 shares of the company's stock worth $23,587,000 after buying an additional 5,880,575 shares in the last quarter. 22.46% of the stock is currently owned by institutional investors.

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.