Vizsla Silver (NYSE:VZLA) Shares Gap Up – Should You Buy?

Vizsla Silver Corp. (NYSE:VZLA)’s share price gapped up before the market opened on Monday . The stock had previously closed at $1.71, but opened at $1.78. Vizsla Silver shares last traded at $1.82, with a volume of 735,538 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. CIBC increased their target price on shares of Vizsla Silver from $3.50 to $4.50 and gave the stock an “outperformer” rating in a report on Monday, July 29th. HC Wainwright increased their price objective on shares of Vizsla Silver from $3.50 to $3.75 and gave the company a “buy” rating in a report on Thursday, July 25th.

Vizsla Silver Stock Performance

The company’s 50 day moving average price is $2.00 and its two-hundred day moving average price is $1.87.

Vizsla Silver (NYSE:VZLA) last issued its quarterly earnings data on Thursday, September 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). On average, sell-side analysts expect that Vizsla Silver Corp. will post -0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Vizsla Silver

Institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its position in shares of Vizsla Silver by 29.0% during the third quarter. Integrated Wealth Concepts LLC now owns 52,117 shares of the company’s stock valued at $100,000 after buying an additional 11,728 shares during the last quarter. Accredited Investors Inc. purchased a new position in shares of Vizsla Silver in the third quarter worth $30,000. Oxbow Advisors LLC lifted its stake in shares of Vizsla Silver by 39.5% during the third quarter. Oxbow Advisors LLC now owns 86,120 shares of the company’s stock worth $165,000 after buying an additional 24,390 shares during the period. Quantbot Technologies LP lifted its stake in shares of Vizsla Silver by 142.9% during the third quarter. Quantbot Technologies LP now owns 47,717 shares of the company’s stock worth $92,000 after buying an additional 28,072 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Vizsla Silver during the first quarter valued at $46,000. 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.