Brokerages Set Vizsla Silver Corp. (NYSE:VZLA) PT at $4.06

Shares of Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) have earned a consensus recommendation of "Buy" from the five brokerages that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $4.06.

A number of research firms have commented on VZLA. BMO Capital Markets began coverage on shares of Vizsla Silver in a research report on Friday, January 24th. They issued an "outperform" rating on the stock. Roth Mkm boosted their target price on shares of Vizsla Silver from $3.00 to $3.25 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, National Bank Financial assumed coverage on shares of Vizsla Silver in a research note on Thursday, December 19th. They issued an "outperform" rating for the company.

Vizsla Silver Stock Down 5.5 %

NYSE:VZLA traded down $0.12 on Tuesday, reaching $2.08. The stock had a trading volume of 2,066,287 shares, compared to its average volume of 1,734,400. The company has a market capitalization of $596.17 million, a P/E ratio of -208.00 and a beta of 0.90. Vizsla Silver has a 1-year low of $1.07 and a 1-year high of $2.39. The stock has a fifty day moving average price of $1.98 and a 200-day moving average price of $1.96.

Hedge Funds Weigh In On Vizsla Silver

Institutional investors have recently modified their holdings of the stock. Sprott Inc. raised its stake in shares of Vizsla Silver by 17.4% during the fourth quarter. Sprott Inc. now owns 22,805,466 shares of the company's stock worth $38,670,000 after buying an additional 3,384,837 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Vizsla Silver by 17.7% during the fourth quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company's stock worth $19,185,000 after buying an additional 1,706,330 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Vizsla Silver during the fourth quarter worth approximately $9,165,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Vizsla Silver by 5.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,414,972 shares of the company's stock worth $9,149,000 after buying an additional 283,052 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Vizsla Silver by 23.3% during the fourth quarter. Mackenzie Financial Corp now owns 4,162,387 shares of the company's stock worth $7,029,000 after buying an additional 787,908 shares during the last quarter. 22.46% of the stock is owned by 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.