Vizsla Silver (NYSE:VZLA) Stock Price Down 2.7% – What’s Next?

Vizsla Silver Corp. (NYSE:VZLA)’s share price traded down 2.7% during trading on Wednesday . The company traded as low as $2.34 and last traded at $2.34. 214,680 shares were traded during trading, a decline of 89% from the average session volume of 1,927,695 shares. The stock had previously closed at $2.40.

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets assumed coverage on Vizsla Silver in a research report on Friday, January 24th. They set an “outperform” rating for the company. National Bank Financial assumed coverage on Vizsla Silver in a research report on Thursday, December 19th. They set an “outperform” rating for the company. Finally, Roth Mkm lifted their price objective on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, January 10th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $4.06.

Vizsla Silver Stock Performance

The company has a market cap of $674.98 million, a PE ratio of -235.50 and a beta of 0.92. The firm has a fifty day simple moving average of $2.08 and a 200 day simple moving average of $1.98.

Institutional Trading of Vizsla Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VZLA. Heck Capital Advisors LLC purchased a new stake in Vizsla Silver in the 4th quarter valued at about $36,000. Sanctuary Advisors LLC acquired a new position in shares of Vizsla Silver in the 3rd quarter valued at about $37,000. Tidal Investments LLC acquired a new position in shares of Vizsla Silver in the 3rd quarter valued at about $38,000. Two Sigma Advisers LP acquired a new position in shares of Vizsla Silver in the 4th quarter valued at about $55,000. Finally, Virtu Financial LLC acquired a new position in shares of Vizsla Silver in the 3rd quarter valued at about $81,000. 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.