Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down - Here's What Happened

Key Points

• Vizsla Silver's share price gapped down from $4.69 to $4.34 before last trading at $4.15, with a significant volume of 1,761,205 shares exchanged.
• Recent analyst ratings for Vizsla Silver include one "Strong Buy," four "Buy," and one "Hold," with a consensus target price of $3.25.
• Institutional investors collectively own 22.46% of Vizsla Silver, with several hedge funds increasing their stakes significantly during the first quarter.

Vizsla Silver Corp. (NYSEAMERICAN:VZLA - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $4.69, but opened at $4.34. Vizsla Silver shares last traded at $4.15, with a volume of 1,761,205 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VZLA. Roth Capital reiterated a "buy" rating on shares of Vizsla Silver in a research report on Monday, September 8th. National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating in a research note on Thursday, June 26th. Finally, Zacks Research lowered Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Vizsla Silver currently has a consensus rating of "Buy" and a consensus target price of $3.25.

Vizsla Silver Trading Down 9.9%

The business has a 50 day simple moving average of $3.98 and a two-hundred day simple moving average of $3.20. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -105.88 and a beta of 0.98.

Institutional Trading of Vizsla Silver

Several hedge funds have recently made changes to their positions in VZLA. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Vizsla Silver by 7.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company's stock worth $376,000 after purchasing an additional 10,975 shares during the last quarter. D.A. Davidson & CO. bought a new stake in Vizsla Silver during the 1st quarter valued at $227,000. Alps Advisors Inc. raised its stake in Vizsla Silver by 954.6% during the 1st quarter. Alps Advisors Inc. now owns 969,071 shares of the company's stock valued at $2,200,000 after acquiring an additional 877,177 shares in the last quarter. Accredited Investors Inc. bought a new stake in Vizsla Silver during the 1st quarter valued at $35,000. Finally, Ninepoint Partners LP bought a new stake in Vizsla Silver during the 1st quarter valued at $2,653,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.