Vizsla Silver (NYSE:VZLA) Sets New 52-Week High - Here's What Happened

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 on Thursday . The company traded as high as $3.92 and last traded at $3.77, with a volume of 4084318 shares traded. The stock had previously closed at $3.80.

Analyst Ratings Changes

A number of equities analysts have weighed in on VZLA shares. National Bank Financial upgraded shares of Vizsla Silver to a "strong-buy" rating in a report on Thursday, June 26th. Zacks Research lowered shares of Vizsla Silver from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $3.25.

Vizsla Silver Trading Up 0.9%

The business's fifty day moving average price is $3.28 and its 200 day moving average price is $2.75. The company has a market capitalization of $1.28 billion, a P/E ratio of -375.50 and a beta of 0.94.

Institutional Trading of Vizsla Silver

A number of large investors have recently added to or reduced their stakes in VZLA. D.A. Davidson & CO. acquired a new stake in Vizsla Silver during the first quarter worth about $227,000. Alps Advisors Inc. increased its stake in shares of 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 acquiring an additional 877,177 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake 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 valued at $376,000 after acquiring an additional 10,975 shares in the last quarter. Ninepoint Partners LP bought a new stake in Vizsla Silver during the 1st quarter valued at $2,653,000. Finally, Two Sigma Investments LP bought a new stake in shares of Vizsla Silver in the 4th quarter worth $731,000. Institutional investors and hedge funds 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.