Vizsla Silver (NYSE:VZLA) Shares Up 8.9% – Time to Buy?

Vizsla Silver Corp. (NYSE:VZLA) shot up 8.9% during trading on Tuesday . The stock traded as high as $2.07 and last traded at $2.07. 793,480 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 1,735,985 shares. The stock had previously closed at $1.90.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VZLA. Roth Mkm raised their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a research note on Friday, January 10th. National Bank Financial began coverage on shares of Vizsla Silver in a research note on Thursday, December 19th. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $4.06.

Vizsla Silver Price Performance

The business’s 50 day moving average is $1.83 and its 200-day moving average is $1.92. The company has a market cap of $543.56 million, a PE ratio of -195.00 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp purchased a new position in Vizsla Silver in the third quarter worth approximately $18,528,000. Equinox Partners Investment Management LLC lifted its stake in Vizsla Silver by 11.5% in the third quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock worth $11,474,000 after acquiring an additional 619,600 shares during the last quarter. Raffles Associates LP lifted its stake in Vizsla Silver by 111.7% in the third quarter. Raffles Associates LP now owns 1,694,010 shares of the company’s stock worth $3,252,000 after acquiring an additional 893,700 shares during the last quarter. Jane Street Group LLC lifted its stake in Vizsla Silver by 2,412.1% in the third quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock worth $2,321,000 after acquiring an additional 1,160,863 shares during the last quarter. Finally, U S Global Investors Inc. lifted its stake in Vizsla Silver by 17.7% in the third quarter. U S Global Investors Inc. now owns 1,075,000 shares of the company’s stock worth $2,058,000 after acquiring an additional 162,000 shares during the last quarter. 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.