Vizsla Silver (NYSE:VZLA) Shares Down 4.4% - Time to Sell?

Shares of Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) fell 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 were traded 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 analysts have weighed in on the company. Raymond James Financial reissued an "outperform" rating on shares of Vizsla Silver in a research report on Friday, April 4th. National Bank Financial raised 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $3.83.

Vizsla Silver Price Performance

The firm has a market cap of $973.65 million, a PE ratio of -294.00 and a beta of 0.92. The stock has a 50-day moving average price of $2.87 and a 200 day moving average price of $2.34.

Institutional Investors Weigh In On Vizsla Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its position in shares of Vizsla Silver by 1,165.0% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Vizsla Silver by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,053,156 shares of the company's stock valued at $13,837,000 after purchasing an additional 638,184 shares during the period. Amundi grew its position in Vizsla Silver by 125.0% during the first quarter. Amundi now owns 2,250,000 shares of the company's stock valued at $4,838,000 after acquiring an additional 1,250,000 shares during the period. Cubist Systematic Strategies LLC grew its position in Vizsla Silver by 534.5% during the first quarter. Cubist Systematic Strategies LLC now owns 370,837 shares of the company's stock valued at $846,000 after acquiring an additional 312,395 shares during the period. Finally, Quarry LP purchased a new stake in Vizsla Silver during the first quarter valued at about $84,000. Hedge funds and other institutional investors own 22.46% of the company's stock.

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.