Vizsla Silver (NYSE:VZLA) Sees Strong Trading Volume - Should You Buy?

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,646,432 shares traded hands during mid-day trading, a decline of 0% from the previous session's volume of 1,654,118 shares.The stock last traded at $2.31 and had previously closed at $2.20.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VZLA shares. Roth Mkm lifted their price objective on Vizsla Silver from $3.00 to $3.25 and gave the stock a "buy" rating in a report on Friday, January 10th. BMO Capital Markets began coverage on shares of Vizsla Silver in a research note on Friday, January 24th. They issued an "outperform" rating for the company. Finally, National Bank Financial began coverage on shares of Vizsla Silver in a research note on Thursday, December 19th. They set an "outperform" rating on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $4.06.

Vizsla Silver Trading Up 0.4 %

The company has a 50-day moving average of $1.96 and a 200-day moving average of $1.95. The firm has a market capitalization of $624.40 million, a price-to-earnings ratio of -224.00 and a beta of 0.90.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sprott Inc. grew 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 buying an additional 3,384,837 shares during the last quarter. Van ECK Associates Corp grew its holdings 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 valued at $19,185,000 after purchasing an additional 1,706,330 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Vizsla Silver during the fourth quarter valued at approximately $9,165,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Vizsla Silver by 5.5% during 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 period. Finally, Bank of America Corp DE lifted its holdings in shares of Vizsla Silver by 57.4% in the 4th quarter. Bank of America Corp DE now owns 2,009,190 shares of the company's stock worth $3,436,000 after purchasing an additional 733,054 shares during the last quarter. 22.46% of the stock is currently 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.