Vizsla Silver Corp. (NYSE:VZLA) Receives Average Rating of "Buy" from Analysts

Shares of Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) have received a consensus recommendation of "Buy" from the five research firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $4.06.

A number of research firms recently issued reports on VZLA. BMO Capital Markets initiated coverage on Vizsla Silver in a report on Friday, January 24th. They set an "outperform" rating on the stock. National Bank Financial initiated coverage on Vizsla Silver in a research note on Thursday, December 19th. They issued an "outperform" rating on the stock. Finally, Roth Mkm upped 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.

Institutional Trading of Vizsla Silver

Several hedge funds have recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Vizsla Silver in the 4th quarter worth $36,000. Mackenzie Financial Corp lifted its stake in shares of Vizsla Silver by 23.3% in 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 during the period. Two Sigma Advisers LP acquired a new stake in shares of Vizsla Silver in the fourth quarter valued at about $55,000. Two Sigma Investments LP acquired a new stake in shares of Vizsla Silver in the fourth quarter valued at about $731,000. Finally, Millennium Management LLC lifted its stake in shares of Vizsla Silver by 134.2% in the fourth quarter. Millennium Management LLC now owns 231,844 shares of the company's stock valued at $396,000 after purchasing an additional 132,842 shares during the period. Institutional investors and hedge funds own 22.46% of the company's stock.

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Vizsla Silver Stock Performance

Shares of VZLA stock traded up $0.04 during mid-day trading on Friday, hitting $2.40. 3,138,010 shares of the stock were exchanged, compared to its average volume of 1,377,481. The stock's fifty day simple moving average is $2.07 and its two-hundred day simple moving average is $1.97. The stock has a market capitalization of $687.88 million, a price-to-earnings ratio of -240.00 and a beta of 0.92. Vizsla Silver has a 12-month low of $1.18 and a 12-month high of $2.47.

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.