Vizsla Silver Corp. (NYSE:VZLA) Receives $4.06 Average Target Price from Brokerages

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.06.

Several equities research analysts have recently issued reports on VZLA shares. BMO Capital Markets initiated coverage on shares of Vizsla Silver in a research report on Friday, January 24th. They issued an "outperform" rating for the company. Roth Mkm raised their price objective on Vizsla Silver from $3.00 to $3.25 and gave the company a "buy" rating in a research report on Friday, January 10th. National Bank Financial initiated coverage on Vizsla Silver in a research report on Thursday, December 19th. They issued an "outperform" rating for the company. Finally, Raymond James reiterated an "outperform" rating on shares of Vizsla Silver in a research note on Friday, April 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VZLA. Sprott Inc. boosted its stake 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 buying an additional 3,384,837 shares during the last quarter. Van ECK Associates Corp boosted its stake in Vizsla Silver by 17.7% during the 4th quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company's stock valued at $19,185,000 after acquiring an additional 1,706,330 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Vizsla Silver during the 4th quarter worth $9,165,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Vizsla Silver by 5.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,414,972 shares of the company's stock worth $9,149,000 after purchasing an additional 283,052 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Vizsla Silver by 23.3% in the 4th 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. Hedge funds and other institutional investors own 22.46% of the company's stock.

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Vizsla Silver Trading Up 6.5 %

Shares of Vizsla Silver stock traded up $0.13 during trading hours on Wednesday, reaching $2.12. The stock had a trading volume of 2,979,539 shares, compared to its average volume of 1,551,950. The firm has a market capitalization of $622.87 million, a price-to-earnings ratio of -212.00 and a beta of 0.75. Vizsla Silver has a 1 year low of $1.27 and a 1 year high of $2.47. The firm has a 50 day simple moving average of $2.13 and a two-hundred day simple moving average of $2.00.

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.