Vizsla Silver (NYSE:VZLA) Shares Gap Up - Here's What Happened

Shares of Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $2.32, but opened at $2.38. Vizsla Silver shares last traded at $2.42, with a volume of 303,214 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VZLA. National Bank Financial assumed coverage on shares of Vizsla Silver in a research report on Thursday, December 19th. They issued an "outperform" rating on the stock. Roth Mkm boosted their price objective on Vizsla Silver from $3.00 to $3.25 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, BMO Capital Markets assumed coverage on Vizsla Silver in a research report on Friday, January 24th. They issued an "outperform" rating for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $4.06.

Vizsla Silver Stock Down 2.5 %

The company has a market cap of $659.22 million, a P/E ratio of -230.00 and a beta of 0.92. The firm's 50 day moving average is $2.14 and its two-hundred day moving average is $2.00.

Institutional Investors Weigh In On Vizsla Silver

A number of institutional investors have recently made changes to their positions in VZLA. Quantbot Technologies LP lifted its stake in shares of Vizsla Silver by 19.1% in the fourth quarter. Quantbot Technologies LP now owns 56,819 shares of the company's stock worth $97,000 after acquiring an additional 9,102 shares during the period. Integrated Wealth Concepts LLC boosted its stake 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 valued at $100,000 after purchasing an additional 11,728 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Vizsla Silver during the third quarter worth $38,000. Sanctuary Advisors LLC bought a new position in Vizsla Silver during the third quarter worth $37,000. Finally, Heck Capital Advisors LLC bought a new position in Vizsla Silver during the fourth quarter worth $36,000. Institutional investors own 22.46% of the company's stock.

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.