Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – Time to Sell?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) shares gapped down before the market opened on Monday . The stock had previously closed at $5.92, but opened at $5.53. Vizsla Silver shares last traded at $5.5150, with a volume of 2,163,308 shares changing hands.

Analysts Set New Price Targets

Several research firms have weighed in on VZLA. Roth Capital boosted their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Cantor Fitzgerald began coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They set a “buy” rating and a $7.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $5.75.

Vizsla Silver Stock Performance

The firm’s 50 day simple moving average is $4.73 and its 200 day simple moving average is $4.00. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -141.00 and a beta of 0.94.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC acquired a new position in shares of Vizsla Silver in the 3rd quarter valued at about $26,000. Baader Bank Aktiengesellschaft purchased a new position in Vizsla Silver during the second quarter valued at approximately $30,000. OMERS ADMINISTRATION Corp purchased a new position in Vizsla Silver during the first quarter valued at approximately $36,000. Hohimer Wealth Management LLC acquired a new position in Vizsla Silver in the third quarter valued at approximately $47,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Vizsla Silver in the 3rd quarter worth approximately $50,000. 22.46% of the stock is owned by institutional investors and hedge funds.

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.