Vizsla Silver (NYSE:VZLA) Stock Price Down 4.5% - Time to Sell?

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) fell 4.5% on Friday . The company traded as low as $2.84 and last traded at $2.87. 3,662,183 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 1,985,947 shares. The stock had previously closed at $3.00.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VZLA. National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating in a research note on Thursday. Raymond James Financial restated an "outperform" rating on shares of Vizsla Silver in a research note on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Vizsla Silver has an average rating of "Buy" and a consensus price target of $3.83.

Vizsla Silver Trading Up 3.9%

The stock has a market capitalization of $875.65 million, a PE ratio of -294.00 and a beta of 0.94. The business has a fifty day moving average price of $2.76 and a 200-day moving average price of $2.29.

Institutional Investors Weigh In On Vizsla Silver

Several institutional investors have recently bought and sold shares of VZLA. Raymond James Financial Inc. purchased a new stake in Vizsla Silver during the 4th quarter valued at about $188,000. Amundi bought a new position in Vizsla Silver during the 4th quarter valued at approximately $1,710,000. Jupiter Asset Management Ltd. bought a new position in shares of Vizsla Silver in the 4th quarter worth approximately $9,165,000. Quantbot Technologies LP raised its position in shares of Vizsla Silver by 19.1% in the 4th quarter. Quantbot Technologies LP now owns 56,819 shares of the company's stock worth $97,000 after acquiring an additional 9,102 shares in the last quarter. Finally, Diametric Capital LP raised its position in shares of Vizsla Silver by 35.3% in the 4th quarter. Diametric Capital LP now owns 163,091 shares of the company's stock worth $275,000 after acquiring an additional 42,586 shares in the last quarter. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

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.