Vizsla Silver (NYSE:VZLA) Trading Up 4% – Here’s Why

Vizsla Silver Corp. (NYSE:VZLA) shares rose 4% on Tuesday . The company traded as high as $2.45 and last traded at $2.46. Approximately 638,880 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 1,368,329 shares. The stock had previously closed at $2.36.

Analyst Ratings Changes

Several brokerages have recently issued reports on VZLA. National Bank Financial initiated coverage on shares of Vizsla Silver in a research note on Thursday, December 19th. They set an “outperform” rating for the company. BMO Capital Markets assumed coverage on Vizsla Silver in a research note on Friday, January 24th. They issued an “outperform” rating on the stock. Finally, Roth Mkm increased their price target on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Friday, January 10th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $4.06.

Vizsla Silver Price Performance

The company has a market cap of $701.07 million, a PE ratio of -245.50 and a beta of 0.92. The firm’s 50 day moving average is $2.07 and its 200 day moving average is $1.97.

Hedge Funds Weigh In On Vizsla Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sprott Inc. boosted its position in shares of Vizsla Silver by 17.4% during the 4th quarter. Sprott Inc. now owns 22,805,466 shares of the company’s stock valued at $38,670,000 after acquiring an additional 3,384,837 shares during the last quarter. Van ECK Associates Corp lifted its position in Vizsla Silver by 17.7% during the fourth quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company’s stock valued at $19,185,000 after purchasing an additional 1,706,330 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Vizsla Silver in the 4th quarter worth approximately $9,165,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vizsla Silver by 5.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,414,972 shares of the company’s stock valued at $9,149,000 after acquiring an additional 283,052 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Vizsla Silver by 23.3% during the fourth quarter. Mackenzie Financial Corp now owns 4,162,387 shares of the company’s stock valued at $7,029,000 after purchasing an additional 787,908 shares in the last quarter. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

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.