Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – Should You Buy?

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped up before the market opened on Tuesday . The stock had previously closed at $4.52, but opened at $4.62. Vizsla Silver shares last traded at $4.4850, with a volume of 325,808 shares trading hands.

Wall Street Analysts Forecast Growth

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

Vizsla Silver Stock Performance

The stock has a market capitalization of $1.39 billion, a P/E ratio of -100.38 and a beta of 0.96. The firm has a fifty day moving average price of $4.27 and a two-hundred day moving average price of $3.53.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Accredited Investors Inc. bought a new stake in Vizsla Silver during the first quarter valued at approximately $35,000. Ninepoint Partners LP bought a new stake in shares of Vizsla Silver during the 1st quarter valued at $2,653,000. TD Asset Management Inc purchased a new stake in shares of Vizsla Silver in the 1st quarter worth $697,000. Mackenzie Financial Corp raised its holdings in Vizsla Silver by 83.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company’s stock worth $17,482,000 after purchasing an additional 3,484,743 shares during the period. Finally, Jupiter Asset Management Ltd. raised its holdings in Vizsla Silver by 37.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 7,468,218 shares of the company’s stock worth $17,072,000 after purchasing an additional 2,043,880 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.