Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.00.

A number of equities research analysts have recently weighed in on the company. National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce cut Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Waratah Capital Advisors Ltd. lifted its holdings in Vizsla Silver by 26.0% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 6,554,415 shares of the company’s stock worth $28,315,000 after buying an additional 1,353,578 shares during the period. Trek Financial LLC bought a new stake in shares of Vizsla Silver in the 3rd quarter valued at $3,755,000. Sprott Inc. raised its holdings in shares of Vizsla Silver by 1.4% during the third quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock valued at $98,691,000 after purchasing an additional 306,900 shares during the period. Intact Investment Management Inc. acquired a new position in Vizsla Silver during the 3rd quarter worth approximately $690,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Vizsla Silver in the 4th quarter worth $5,470,000. Institutional investors and hedge funds own 22.46% of the company’s stock.

Vizsla Silver Stock Up 4.0%

Vizsla Silver stock opened at $3.39 on Thursday. The stock has a market cap of $1.18 billion, a P/E ratio of -9.69 and a beta of 1.00. The company’s 50-day moving average price is $3.42 and its two-hundred day moving average price is $4.40. The company has a quick ratio of 65.89, a current ratio of 65.89 and a debt-to-equity ratio of 0.66. Vizsla Silver has a twelve month low of $2.57 and a twelve month high of $7.19.

About Vizsla Silver

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.