Vizsla Silver (NYSEAMERICAN:VZLA) Trading Down 8.1% - Here's Why

Key Points

• Vizsla Silver shares fell 8.1% intraday to about $3.57 with roughly 5.37 million shares traded, a ~54% drop from the stock's average daily volume, after a prior close of $3.88.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $7.00 (three Buy and three Hold ratings), reflecting a significant upside from current levels amid recent mixed upgrades and downgrades.
• Vizsla is a Canada-based silver explorer with a market cap of about $1.25 billion and a flagship Panuco Project in Mexico noted for high-grade silver intercepts; institutional investors own roughly 22.5% of the stock.

Vizsla Silver Corp. (NYSEAMERICAN:VZLA - Get Free Report) was down 8.1% during mid-day trading on Friday . The company traded as low as $3.57 and last traded at $3.5650. Approximately 5,372,162 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 11,799,518 shares. The stock had previously closed at $3.88.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VZLA. Roth Mkm raised their price objective on Vizsla Silver from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Thursday, November 13th. National Bank Financial cut shares of Vizsla Silver from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, February 10th. Raymond James Financial reiterated an "outperform" rating on shares of Vizsla Silver in a research report on Wednesday, January 14th. Cantor Fitzgerald assumed coverage on Vizsla Silver in a research report on Monday, December 22nd. They issued a "buy" rating and a $7.00 price target for the company. Finally, Canadian Imperial Bank of Commerce downgraded shares of Vizsla Silver from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.00.

Vizsla Silver Price Performance

The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -89.75 and a beta of 0.96. The firm has a fifty day simple moving average of $4.93 and a two-hundred day simple moving average of $4.63.

Institutional Investors Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in Vizsla Silver by 19,402.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 18,527 shares of the company's stock worth $101,000 after acquiring an additional 18,432 shares during the period. NewEdge Advisors LLC purchased a new position in Vizsla Silver during the fourth quarter worth approximately $647,000. XTX Topco Ltd purchased a new position in Vizsla Silver during the fourth quarter worth approximately $337,000. Voloridge Investment Management LLC acquired a new position in Vizsla Silver during the fourth quarter worth $694,000. Finally, Quadrature Capital Ltd purchased a new position in Vizsla Silver in the 4th quarter valued at about $379,000. Institutional investors and hedge funds own 22.46% of the company's stock.

Vizsla Silver Company Profile

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.

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