Vizsla Silver (NYSE:VZLA) Posts Earnings Results, Beats Estimates By $0.01 EPS

Vizsla Silver (NYSE:VZLA) released its quarterly earnings data on Friday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01, reports.

Vizsla Silver Trading Up 0.9 %

Shares of VZLA stock opened at $1.00 on Monday. Vizsla Silver has a 1-year low of $0.94 and a 1-year high of $1.65. The stock has a 50-day moving average of $1.09 and a 200-day moving average of $1.25. The stock has a market cap of $207.99 million, a price-to-earnings ratio of -25.00 and a beta of 0.78.

Institutional Investors Weigh In On Vizsla Silver

Several large investors have recently modified their holdings of the company. Franklin Resources Inc. grew its stake in Vizsla Silver by 31.3% during the first quarter. Franklin Resources Inc. now owns 15,676,000 shares of the company’s stock worth $23,576,000 after purchasing an additional 3,736,000 shares during the period. Sprott Inc. grew its stake in Vizsla Silver by 124.1% during the fourth quarter. Sprott Inc. now owns 11,356,422 shares of the company’s stock worth $13,007,000 after purchasing an additional 6,288,598 shares during the period. FMR LLC acquired a new stake in Vizsla Silver in the first quarter worth $7,275,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Vizsla Silver by 5.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,930,517 shares of the company’s stock worth $4,782,000 after purchasing an additional 197,721 shares during the period. Finally, Royal Bank of Canada grew its holdings in Vizsla Silver by 32,792.1% in the second quarter. Royal Bank of Canada now owns 2,434,013 shares of the company’s stock worth $2,969,000 after purchasing an additional 2,426,613 shares during the period. 24.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VZLA shares. HC Wainwright reiterated a “buy” rating and set a $2.50 target price on shares of Vizsla Silver in a research report on Wednesday, August 30th. Alliance Global Partners began coverage on shares of Vizsla Silver in a research report on Wednesday, May 17th. They issued a “buy” rating and a $3.25 price target for the company.

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.