Vizsla Silver (NYSE:VZLA) Reaches New 1-Year High - Here's Why

Key Points

• Vizsla Silver Corp. reached a new 52-week high of $4.00, with the last trading price at $3.81, reflecting increased trading volume of over 3.5 million shares.
• Analysis from various equity analysts shows a mix of ratings; Roth Capital maintains a "buy," while Zacks downgraded it to "hold," resulting in an overall average rating of "buy" with a target price of $3.25.
• Institutional investors hold 22.46% of Vizsla Silver's stock, with several hedge funds recently acquiring new stakes in the company.

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $4.00 and last traded at $3.81, with a volume of 3532287 shares. The stock had previously closed at $3.99.

Analyst Ratings Changes

Several research analysts recently commented on the company. Roth Capital reissued a "buy" rating on shares of Vizsla Silver in a research note on Monday, September 8th. National Bank Financial raised Vizsla Silver to a "strong-buy" rating in a report on Thursday, June 26th. Finally, Zacks Research downgraded Vizsla Silver from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $3.25.

Vizsla Silver Trading Up 7.3%

The company has a 50 day simple moving average of $3.45 and a 200 day simple moving average of $2.87. The stock has a market capitalization of $1.36 billion, a PE ratio of -397.00 and a beta of 0.94.

Hedge Funds Weigh In On Vizsla Silver

Large investors have recently modified their holdings of the business. Baader Bank Aktiengesellschaft purchased a new position in shares of Vizsla Silver during the 2nd quarter worth approximately $30,000. Accredited Investors Inc. purchased a new position in shares of Vizsla Silver during the 1st quarter worth approximately $35,000. Heck Capital Advisors LLC purchased a new position in shares of Vizsla Silver during the 4th quarter worth approximately $36,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Vizsla Silver during the 1st quarter worth approximately $36,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Vizsla Silver during the 4th quarter worth approximately $55,000. 22.46% of the stock is owned by hedge funds and other 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.