Vizsla Silver Corp. (NYSE:VZLA) Receives Consensus Recommendation of "Buy" from Brokerages

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.

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

VZLA has been the subject of several recent analyst reports. National Bank Financial upgraded shares of Vizsla Silver to a "strong-buy" rating in a report on Thursday, June 26th. Roth Capital reiterated a "buy" rating on shares of Vizsla Silver in a report on Monday. Finally, Zacks Research cut shares of Vizsla Silver from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd.

Vizsla Silver Price Performance

Shares of Vizsla Silver stock traded down $0.09 on Tuesday, hitting $3.67. The company had a trading volume of 2,413,722 shares, compared to its average volume of 3,049,530. The business has a 50-day simple moving average of $3.30 and a 200-day simple moving average of $2.76. The company has a market cap of $1.25 billion, a PE ratio of -367.00 and a beta of 0.94. Vizsla Silver has a 52 week low of $1.67 and a 52 week high of $3.92.

Institutional Trading of Vizsla Silver

A number of large investors have recently added to or reduced their stakes in VZLA. Raymond James Financial Inc. bought a new stake in Vizsla Silver during the fourth quarter worth approximately $188,000. Bank of America Corp DE boosted its holdings in Vizsla Silver by 57.4% during the fourth quarter. Bank of America Corp DE now owns 2,009,190 shares of the company's stock worth $3,436,000 after buying an additional 733,054 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Vizsla Silver during the fourth quarter worth approximately $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Vizsla Silver by 5.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,414,972 shares of the company's stock worth $9,149,000 after buying an additional 283,052 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Vizsla Silver by 134.2% during the fourth quarter. Millennium Management LLC now owns 231,844 shares of the company's stock worth $396,000 after buying an additional 132,842 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.

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