Vizsla Silver (NYSE:VZLA) Stock Price Down 4.4% - Here's What Happened

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report)'s share price traded down 4.4% during mid-day trading on Tuesday . The stock traded as low as $2.94 and last traded at $2.92. 498,435 shares traded hands during trading, a decline of 76% from the average session volume of 2,062,525 shares. The stock had previously closed at $3.05.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Raymond James Financial reaffirmed an "outperform" rating on shares of Vizsla Silver in a research report on Friday, April 4th. National Bank Financial raised shares of Vizsla Silver to a "strong-buy" rating in a research report on Thursday, June 26th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $3.83.

Vizsla Silver Stock Up 8.2%

The stock has a market capitalization of $1.09 billion, a PE ratio of -325.50 and a beta of 0.92. The business's 50-day moving average is $2.90 and its two-hundred day moving average is $2.36.

Institutional Investors Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi purchased a new stake in shares of Vizsla Silver in the fourth quarter valued at about $1,710,000. Two Sigma Investments LP purchased a new stake in shares of Vizsla Silver in the fourth quarter valued at about $731,000. Two Sigma Advisers LP purchased a new stake in shares of Vizsla Silver in the fourth quarter valued at about $55,000. Bank of America Corp DE raised its holdings in shares of Vizsla Silver by 57.4% in the fourth quarter. Bank of America Corp DE now owns 2,009,190 shares of the company's stock valued at $3,436,000 after buying an additional 733,054 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Vizsla Silver in the fourth quarter valued at about $188,000. 22.46% of the stock is owned by hedge funds and other 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.