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

Key Points

• Vizsla Silver Corp. experienced a stock price decline of 4.4%, with the latest trading price at $3.82 after hitting a low of $3.83.
• Analysts have mixed ratings for Vizsla Silver, with Roth Capital maintaining a "buy" rating while Zacks Research downgraded it to a "hold," resulting in an overall average rating of "Buy" with a target price of $3.25.
• Institutional investors have increased their stake in the company significantly, with Amundi raising its holdings by 125% and Alps Advisors Inc. increasing theirs by 954.6% during the first quarter.

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report)'s stock price traded down 4.4% during trading on Tuesday . The stock traded as low as $3.83 and last traded at $3.82. 868,218 shares were traded during mid-day trading, a decline of 71% from the average session volume of 3,028,250 shares. The stock had previously closed at $3.99.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VZLA shares. Zacks Research cut Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Roth Capital reaffirmed a "buy" rating on shares of Vizsla Silver in a research report on Monday, September 8th. Finally, National Bank Financial raised Vizsla Silver to a "strong-buy" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $3.25.

Vizsla Silver Stock Performance

The company has a market cap of $1.36 billion, a price-to-earnings ratio of -397.00 and a beta of 0.94. The company has a 50-day simple moving average of $3.45 and a 200-day simple moving average of $2.86.

Hedge Funds Weigh In On Vizsla Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new stake in shares of Vizsla Silver in the second quarter valued at about $24,562,000. BNP Paribas Financial Markets acquired a new stake in Vizsla Silver during the 2nd quarter valued at $2,224,000. Boothbay Fund Management LLC purchased a new position in Vizsla Silver during the second quarter worth $1,357,000. Bank of America Corp DE lifted its position in shares of Vizsla Silver by 274.5% in the second quarter. Bank of America Corp DE now owns 8,022,629 shares of the company's stock valued at $23,587,000 after acquiring an additional 5,880,575 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Vizsla Silver by 301.8% in the second quarter. Jane Street Group LLC now owns 554,304 shares of the company's stock valued at $1,630,000 after acquiring an additional 416,359 shares in the last quarter. 22.46% of the stock is owned by institutional investors and hedge funds.

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.