Vizsla Silver Corp. (NYSE:VZLA) Receives Average Rating of “Buy” from Analysts

Vizsla Silver Corp. (NYSE:VZLA) has been given an average rating of “Buy” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $4.06.

A number of equities analysts have recently issued reports on VZLA shares. BMO Capital Markets started coverage on Vizsla Silver in a research report on Friday, January 24th. They set an “outperform” rating on the stock. Roth Mkm upped their price target on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, National Bank Financial began coverage on Vizsla Silver in a research report on Thursday, December 19th. They set an “outperform” rating on the stock.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VZLA. Jupiter Asset Management Ltd. acquired a new stake in Vizsla Silver during the 4th quarter worth about $9,165,000. Sprott Inc. grew its position in Vizsla Silver by 17.4% during the 4th quarter. Sprott Inc. now owns 22,805,466 shares of the company’s stock worth $38,670,000 after purchasing an additional 3,384,837 shares during the period. Van ECK Associates Corp boosted its stake in shares of Vizsla Silver by 17.7% during the 4th quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company’s stock worth $19,185,000 after acquiring an additional 1,706,330 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Vizsla Silver by 2,412.1% in the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after purchasing an additional 1,160,863 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Vizsla Silver in the 3rd quarter valued at about $1,916,000. 22.46% of the stock is owned by institutional investors and hedge funds.

Vizsla Silver Trading Down 0.8 %

Shares of VZLA stock opened at $2.38 on Friday. The business’s fifty day simple moving average is $2.09 and its 200-day simple moving average is $1.98. The company has a market cap of $682.15 million, a PE ratio of -238.00 and a beta of 0.92. Vizsla Silver has a 12-month low of $1.19 and a 12-month high of $2.47.

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.