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Vizsla Silver (NYSE:VZLA) Shares Gap Down - Here's What Happened

Vizsla Silver logo with Basic Materials background

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $3.29, but opened at $3.00. Vizsla Silver shares last traded at $3.02, with a volume of 6,485,793 shares traded.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on Vizsla Silver

Vizsla Silver Trading Down 8.7%

The stock has a fifty day simple moving average of $2.68 and a 200-day simple moving average of $2.25. The stock has a market cap of $895.01 million, a price-to-earnings ratio of -300.50 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sprott Inc. increased its position in Vizsla Silver by 3.9% in the first quarter. Sprott Inc. now owns 23,703,712 shares of the company's stock worth $54,084,000 after purchasing an additional 898,246 shares during the period. Mackenzie Financial Corp increased its position in shares of Vizsla Silver by 83.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock valued at $17,482,000 after buying an additional 3,484,743 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in Vizsla Silver by 37.7% during the 1st quarter. Jupiter Asset Management Ltd. now owns 7,468,218 shares of the company's stock worth $17,072,000 after buying an additional 2,043,880 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vizsla Silver by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,053,156 shares of the company's stock worth $13,837,000 after acquiring an additional 638,184 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Vizsla Silver by 1,165.0% in the 1st quarter. Millennium Management LLC now owns 2,932,731 shares of the company's stock valued at $6,666,000 after purchasing an additional 2,700,887 shares during the period. 22.46% of the stock is currently owned by institutional investors.

Vizsla Silver Company Profile

(Get Free Report)

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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