Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – Here’s What Happened

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s share price gapped up before the market opened on Monday . The stock had previously closed at $5.07, but opened at $5.26. Vizsla Silver shares last traded at $5.1140, with a volume of 2,194,213 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on VZLA shares. Zacks Research cut shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Roth Capital boosted their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $5.13.

Vizsla Silver Price Performance

The stock’s 50 day simple moving average is $4.35 and its two-hundred day simple moving average is $3.65. The stock has a market cap of $1.78 billion, a P/E ratio of -128.38 and a beta of 0.94.

Institutional Trading of Vizsla Silver

Hedge funds and other institutional investors have recently modified their holdings of the company. Sprott Inc. raised its position in Vizsla Silver by 3.9% in the 1st quarter. Sprott Inc. now owns 23,703,712 shares of the company’s stock valued at $54,084,000 after buying an additional 898,246 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Vizsla Silver by 9.3% in the second quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock valued at $45,146,000 after purchasing an additional 1,306,000 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Vizsla Silver by 72.8% in the third quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after purchasing an additional 6,080,923 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Vizsla Silver by 41.7% during the third quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock worth $58,698,000 after purchasing an additional 4,001,170 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Vizsla Silver by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after purchasing an additional 3,139,086 shares during the last quarter. Institutional investors and hedge funds 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.