Vizsla Silver (NYSE:VZLA) Trading Up 4% – Time to Buy?

Vizsla Silver Corp. (NYSE:VZLA) shares rose 4% on Tuesday . The company traded as high as $2.45 and last traded at $2.46. Approximately 638,880 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 1,368,329 shares. The stock had previously closed at $2.36.

Analyst Upgrades and Downgrades

VZLA has been the subject of several research reports. BMO Capital Markets assumed coverage on Vizsla Silver in a research note on Friday, January 24th. They set an “outperform” rating for the company. National Bank Financial assumed coverage on shares of Vizsla Silver in a research note on Thursday, December 19th. They set an “outperform” rating for the company. Finally, Roth Mkm upped their price target on Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a report on Friday, January 10th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $4.06.

Vizsla Silver Trading Down 0.8 %

The stock has a market capitalization of $682.15 million, a price-to-earnings ratio of -238.00 and a beta of 0.92. The stock has a 50-day simple moving average of $2.09 and a 200 day simple moving average of $1.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VZLA. Sprott Inc. grew its position in Vizsla Silver by 17.4% in the fourth quarter. Sprott Inc. now owns 22,805,466 shares of the company’s stock worth $38,670,000 after acquiring an additional 3,384,837 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Vizsla Silver by 17.7% in the fourth quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company’s stock worth $19,185,000 after purchasing an additional 1,706,330 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Vizsla Silver during the 4th quarter valued at approximately $9,165,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Vizsla Silver by 5.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,414,972 shares of the company’s stock worth $9,149,000 after buying an additional 283,052 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Vizsla Silver by 23.3% in the fourth quarter. Mackenzie Financial Corp now owns 4,162,387 shares of the company’s stock valued at $7,029,000 after acquiring an additional 787,908 shares during the period. Hedge funds and other institutional investors own 22.46% of the company’s stock.

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.