Vizsla Silver (NYSE:VZLA) Sets New 52-Week High - Should You Buy?

Key Points

• Vizsla Silver Corp. achieved a new 52-week high of $4.38, finishing the trading day at $4.36 with a volume of 435,335 shares.
• Recent analyst ratings for Vizsla Silver include a "strong-buy" from National Bank Financial and a downgrade to "hold" from Zacks Research, resulting in a current consensus rating of "Buy."
• The company's market capitalization is approximately $1.50 billion, with 22.46% of its stock owned by institutional investors.

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $4.38 and last traded at $4.36, with a volume of 435335 shares. The stock had previously closed at $4.25.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VZLA. National Bank Financial upgraded shares of Vizsla Silver to a "strong-buy" rating in a research note on Thursday, June 26th. Zacks Research downgraded shares of Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Roth Capital restated a "buy" rating on shares of Vizsla Silver in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $3.25.

Vizsla Silver Stock Performance

The stock's fifty day moving average price is $3.53 and its 200-day moving average price is $2.95. The company has a market capitalization of $1.50 billion, a P/E ratio of -441.50 and a beta of 0.94.

Institutional Investors Weigh In On Vizsla Silver

A number of institutional investors and hedge funds have recently modified their holdings of VZLA. Baader Bank Aktiengesellschaft bought a new stake in shares of Vizsla Silver in the 2nd quarter valued at about $30,000. Accredited Investors Inc. bought a new position in Vizsla Silver in the 1st quarter valued at about $35,000. OMERS ADMINISTRATION Corp bought a new position in Vizsla Silver in the 1st quarter valued at about $36,000. Two Sigma Advisers LP bought a new position in Vizsla Silver in the 4th quarter valued at about $55,000. Finally, Nebula Research & Development LLC bought a new position in Vizsla Silver in the 2nd quarter valued at about $59,000. 22.46% of the stock is owned by institutional investors.

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.

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