Vizsla Silver (NYSE:VZLA) Reaches New 1-Year High - Should You Buy?

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $3.66 and last traded at $3.62, with a volume of 1344719 shares changing hands. The stock had previously closed at $3.45.

Wall Street Analyst Weigh In

Separately, Raymond James restated an "outperform" rating on shares of Vizsla Silver in a research report on Friday, April 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $3.83.

Vizsla Silver Stock Up 2.6%

The stock has a market cap of $1.04 billion, a P/E ratio of -350.00 and a beta of 0.94. The business's 50-day simple moving average is $2.50 and its two-hundred day simple moving average is $2.18.

Hedge Funds Weigh In On Vizsla Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VZLA. Jupiter Asset Management Ltd. bought a new position in Vizsla Silver during the fourth quarter worth about $9,165,000. Mackenzie Financial Corp boosted its position in Vizsla Silver by 83.7% during the first quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock worth $17,482,000 after purchasing an additional 3,484,743 shares during the period. Sprott Inc. boosted its position in Vizsla Silver by 17.4% during the fourth quarter. Sprott Inc. now owns 22,805,466 shares of the company's stock worth $38,670,000 after purchasing an additional 3,384,837 shares during the period. Millennium Management LLC lifted its holdings 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 buying an additional 2,700,887 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings 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 buying an additional 1,706,330 shares in the last quarter. 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.