Vizsla Silver (NYSE:VZLA) Stock Price Up 5.4% - Should You Buy?

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) shares shot up 5.4% during trading on Friday . The company traded as high as $3.12 and last traded at $3.15. 1,411,540 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 2,106,744 shares. The stock had previously closed at $2.99.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VZLA. National Bank Financial upgraded shares of Vizsla Silver to a "strong-buy" rating in a research note on Thursday, June 26th. Raymond James Financial reiterated an "outperform" rating on shares of Vizsla Silver in a research note on Friday, April 4th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $3.83.

Vizsla Silver Trading Up 8.7%

The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -325.00 and a beta of 0.92. The stock's 50-day simple moving average is $2.92 and its 200-day simple moving average is $2.37.

Institutional Trading of Vizsla Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft bought a new stake in shares of Vizsla Silver during the second quarter worth $30,000. Millennium Management LLC grew its stake in shares of Vizsla Silver by 1,165.0% during the first quarter. Millennium Management LLC now owns 2,932,731 shares of the company's stock worth $6,666,000 after buying an additional 2,700,887 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Vizsla Silver by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,053,156 shares of the company's stock worth $13,837,000 after purchasing an additional 638,184 shares during the period. Amundi lifted its holdings in shares of Vizsla Silver by 125.0% during the first quarter. Amundi now owns 2,250,000 shares of the company's stock worth $4,838,000 after purchasing an additional 1,250,000 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Vizsla Silver by 534.5% during the first quarter. Cubist Systematic Strategies LLC now owns 370,837 shares of the company's stock worth $846,000 after purchasing an additional 312,395 shares during the period. 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.