Vizsla Silver (NYSE:VZLA) Trading 7.1% Higher - Here's What Happened

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) traded up 7.1% on Monday . The stock traded as high as $3.09 and last traded at $3.10. 784,068 shares traded hands during trading, a decline of 55% from the average session volume of 1,740,694 shares. The stock had previously closed at $2.89.

Analysts Set New Price Targets

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

Vizsla Silver Stock Performance

The company's 50 day moving average is $2.33 and its 200 day moving average is $2.11. The stock has a market capitalization of $940.19 million, a price-to-earnings ratio of -320.00 and a beta of 0.76.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds have recently made changes to their positions in VZLA. Jupiter Asset Management Ltd. bought a new position in Vizsla Silver during the fourth quarter valued at about $9,165,000. Mackenzie Financial Corp grew its holdings in shares of Vizsla Silver by 83.7% during the 1st quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock worth $17,482,000 after purchasing an additional 3,484,743 shares in the last quarter. Sprott Inc. increased its position in shares of Vizsla Silver by 17.4% during the fourth quarter. Sprott Inc. now owns 22,805,466 shares of the company's stock valued at $38,670,000 after purchasing an additional 3,384,837 shares during the period. Millennium Management LLC increased its position in shares of Vizsla Silver by 1,165.0% during the first 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. Finally, Van ECK Associates Corp raised its stake in shares of Vizsla Silver by 17.7% in the fourth quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company's stock valued at $19,185,000 after purchasing an additional 1,706,330 shares in the last quarter. Institutional investors 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.