Vizsla Silver (NYSE:VZLA) Trading Up 5.4% - Time to Buy?

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) traded up 5.4% on Friday . The stock traded as high as $3.12 and last traded at $3.15. 1,411,540 shares were traded 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.

Analyst Ratings Changes

Several brokerages have commented on VZLA. Raymond James Financial restated an "outperform" rating on shares of Vizsla Silver in a research note on Friday, April 4th. National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating in a research report on Thursday, June 26th. Four research 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.com, the company currently has an average rating of "Buy" and a consensus price target of $3.83.

Vizsla Silver Trading Up 0.3%

The company has a market cap of $1.10 billion, a P/E ratio of -326.00 and a beta of 0.92. The company's 50-day moving average price is $2.92 and its two-hundred day moving average price is $2.38.

Hedge Funds Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft acquired a new stake in shares of Vizsla Silver during the 2nd quarter valued at $30,000. Millennium Management LLC grew its holdings in Vizsla Silver by 1,165.0% during 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Vizsla Silver by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,053,156 shares of the company's stock valued at $13,837,000 after buying an additional 638,184 shares during the last quarter. Amundi increased its stake in shares of Vizsla Silver by 125.0% in 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 buying an additional 312,395 shares during 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.