Vizsla Silver (NYSE:VZLA) Stock Price Down 6.3% - Should You Sell?

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report)'s stock price fell 6.3% during trading on Tuesday . The stock traded as low as $3.39 and last traded at $3.39. 964,050 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 1,790,503 shares. The stock had previously closed at $3.62.

Analysts Set New Price Targets

Separately, Raymond James restated an "outperform" rating on shares of Vizsla Silver in a report on Friday, April 4th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $3.83.

Vizsla Silver Price Performance

The company's 50 day moving average price is $2.53 and its two-hundred day moving average price is $2.19. The stock has a market capitalization of $1.03 billion, a PE ratio of -347.00 and a beta of 0.94.

Institutional Investors Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amundi purchased a new stake in Vizsla Silver during the 4th quarter worth approximately $1,710,000. Two Sigma Investments LP acquired a new position in shares of Vizsla Silver in the 4th quarter valued at $731,000. Van ECK Associates Corp boosted its holdings in shares of Vizsla Silver by 17.7% in the 4th quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company's stock valued at $19,185,000 after buying an additional 1,706,330 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Vizsla Silver in the 4th quarter valued at $55,000. Finally, Bank of America Corp DE boosted its holdings in shares of Vizsla Silver by 57.4% in the 4th quarter. Bank of America Corp DE now owns 2,009,190 shares of the company's stock valued at $3,436,000 after buying an additional 733,054 shares in the last quarter. 22.46% of the stock is owned by hedge funds and other institutional investors.

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.