Vizsla Silver (NYSE:VZLA) Stock Price Down 3.3% - Here's Why

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report)'s stock price fell 3.3% during mid-day trading on Wednesday . The company traded as low as $2.22 and last traded at $2.23. Approximately 209,468 shares traded hands during trading, a decline of 86% from the average session volume of 1,471,451 shares. The stock had previously closed at $2.30.

Analyst Ratings Changes

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

Vizsla Silver Price Performance

The company has a market capitalization of $518.57 million, a PE ratio of -178.50 and a beta of 0.75. The stock has a 50-day simple moving average of $2.15 and a 200 day simple moving average of $2.01.

Institutional Investors Weigh In On Vizsla Silver

A number of institutional investors and hedge funds have recently bought and sold shares of VZLA. Quantbot Technologies LP grew its holdings in shares of Vizsla Silver by 19.1% during the fourth quarter. Quantbot Technologies LP now owns 56,819 shares of the company's stock worth $97,000 after buying an additional 9,102 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Vizsla Silver by 29.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 52,117 shares of the company's stock worth $100,000 after purchasing an additional 11,728 shares during the period. Tidal Investments LLC acquired a new position in shares of Vizsla Silver in the 3rd quarter valued at about $38,000. Sanctuary Advisors LLC purchased a new position in shares of Vizsla Silver in the 3rd quarter valued at $37,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Vizsla Silver during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 22.46% of the company's stock.

Remove Ads

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.