Vizsla Silver (NYSE:VZLA) Stock Price Down 5% - Here's Why

Key Points

• Shares of Vizsla Silver Corp. (NYSE: VZLA) fell 5% to $4.25, with trading volume down 75% from its average.
• Analysts have a consensus rating of Buy on the stock, with a target price of $3.25, although Zacks recently downgraded it from strong-buy to hold.
• Institutional investors and hedge funds collectively own 22.46% of Vizsla Silver, with significant recent increases in stakes from notable firms.

Shares of Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) fell 5% on Thursday . The company traded as low as $4.35 and last traded at $4.25. 759,037 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 3,073,609 shares. The stock had previously closed at $4.47.

Wall Street Analysts Forecast Growth

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

Vizsla Silver Price Performance

The company has a market cap of $1.45 billion, a price-to-earnings ratio of -425.50 and a beta of 0.94. The business has a 50 day simple moving average of $3.59 and a 200 day simple moving average of $2.98.

Hedge Funds Weigh In On Vizsla Silver

Several hedge funds have recently added to or reduced their stakes in VZLA. Millennium Management LLC raised its position in shares of Vizsla Silver by 134.2% during the fourth quarter. Millennium Management LLC now owns 231,844 shares of the company's stock worth $396,000 after purchasing an additional 132,842 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Vizsla Silver during the fourth quarter worth about $731,000. Two Sigma Advisers LP bought a new position in shares of Vizsla Silver during the fourth quarter worth about $55,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Vizsla Silver by 7.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company's stock worth $376,000 after buying an additional 10,975 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Vizsla Silver during the first quarter worth about $227,000. Institutional investors and hedge funds 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.

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