Vizsla Silver (NYSE:VZLA) Sets New 1-Year High - Time to Buy?

Key Points

• Vizsla Silver Corp.'s stock reached a new 52-week high of $3.92, with the last trading price at $3.77 and a significant volume of over 4 million shares traded.
• Analysts have mixed opinions on the company, with recommendations ranging from a "strong-buy" to a "hold," and a consensus price target of $3.25.
• Institutional investors hold 22.46% of Vizsla Silver's stock, with significant acquisitions by Tidal Investments LLC and Bank of America Corp DE in the second quarter.

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $3.92 and last traded at $3.77, with a volume of 4084318 shares trading hands. The stock had previously closed at $3.80.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Zacks Research lowered Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. National Bank Financial raised Vizsla Silver to a "strong-buy" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Vizsla Silver has a consensus rating of "Buy" and a consensus target price of $3.25.

Vizsla Silver Trading Down 2.8%

The company has a market cap of $1.25 billion, a P/E ratio of -365.50 and a beta of 0.94. The business has a 50 day moving average price of $3.30 and a 200-day moving average price of $2.76.

Institutional Investors Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. bought a new stake in Vizsla Silver in the 1st quarter valued at $227,000. Alps Advisors Inc. grew its holdings in Vizsla Silver by 954.6% in the 1st quarter. Alps Advisors Inc. now owns 969,071 shares of the company's stock valued at $2,200,000 after buying an additional 877,177 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Vizsla Silver by 7.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company's stock valued at $376,000 after buying an additional 10,975 shares in the last quarter. Ninepoint Partners LP acquired a new position in Vizsla Silver in the 1st quarter valued at $2,653,000. Finally, Two Sigma Investments LP acquired a new position in Vizsla Silver in the 4th quarter valued at $731,000. Institutional investors own 22.46% of the company's stock.

About Vizsla Silver

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.