Vizsla Silver (NYSE:VZLA) Coverage Initiated at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Vizsla Silver (NYSE:VZLA - Free Report) in a research note issued to investors on Friday, MarketBeat reports. The firm issued an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Roth Mkm lifted 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. National Bank Financial initiated coverage on shares of Vizsla Silver in a research report on Thursday, December 19th. They set an "outperform" rating for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $4.06.

Vizsla Silver Stock Performance

VZLA stock traded up $0.04 during trading on Friday, reaching $2.04. The company had a trading volume of 1,042,003 shares, compared to its average volume of 1,763,870. The firm has a 50-day simple moving average of $1.85 and a 200-day simple moving average of $1.93. The company has a market cap of $567.26 million, a price-to-earnings ratio of -203.50 and a beta of 0.86. Vizsla Silver has a twelve month low of $1.07 and a twelve month high of $2.39.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of Vizsla Silver during the 4th quarter valued at approximately $36,000. JPMorgan Chase & Co. purchased a new position in shares of Vizsla Silver during the 3rd quarter valued at approximately $230,000. Tidal Investments LLC purchased a new stake in Vizsla Silver in the 3rd quarter worth $38,000. Sanctuary Advisors LLC purchased a new stake in Vizsla Silver in the 3rd quarter worth $37,000. Finally, Virtu Financial LLC purchased a new stake in Vizsla Silver in the 3rd quarter worth $81,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

About Vizsla Silver

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.