Vizsla Silver (NYSE:VZLA) Shares Gap Up - Time to Buy?

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $2.21, but opened at $2.30. Vizsla Silver shares last traded at $2.27, with a volume of 655,579 shares.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Raymond James reiterated an "outperform" rating on shares of Vizsla Silver in a research report on Friday, April 4th. BMO Capital Markets started coverage on Vizsla Silver in a report on Friday, January 24th. They issued an "outperform" rating on the stock. Finally, Roth Mkm increased their target price on Vizsla Silver from $3.00 to $3.25 and gave the company a "buy" rating in a research report on Friday, January 10th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vizsla Silver has a consensus rating of "Buy" and a consensus price target of $4.06.

Vizsla Silver Stock Down 1.8 %

The stock's 50-day moving average price is $2.13 and its 200 day moving average price is $2.01. The firm has a market capitalization of $634.63 million, a price-to-earnings ratio of -216.00 and a beta of 0.75.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jupiter Asset Management Ltd. acquired a new stake in shares of Vizsla Silver in the fourth quarter valued at approximately $9,165,000. Sprott Inc. increased its stake in shares of Vizsla Silver by 17.4% in the 4th quarter. Sprott Inc. now owns 22,805,466 shares of the company's stock worth $38,670,000 after acquiring an additional 3,384,837 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Vizsla Silver by 17.7% during the 4th quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company's stock worth $19,185,000 after acquiring an additional 1,706,330 shares during the period. Jane Street Group LLC boosted its position in shares of Vizsla Silver by 2,412.1% during the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company's stock valued at $2,321,000 after acquiring an additional 1,160,863 shares during the last quarter. Finally, Amundi purchased a new stake in shares of Vizsla Silver in the fourth quarter valued at about $1,710,000. 22.46% of the stock is owned by hedge funds and other 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.