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

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $2.20, but opened at $2.29. Vizsla Silver shares last traded at $2.24, with a volume of 157,040 shares.

Analyst Ratings Changes

A number of research firms have weighed in on VZLA. Roth Mkm raised their price target on Vizsla Silver from $3.00 to $3.25 and gave the company a "buy" rating in a research note on Friday, January 10th. 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 began coverage on shares of Vizsla Silver in a research note on Friday, January 24th. They issued an "outperform" rating for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vizsla Silver currently has a consensus rating of "Buy" and an average target price of $4.06.

Vizsla Silver Trading Down 0.5 %

The stock's 50-day moving average price is $1.94 and its 200-day moving average price is $1.95. The company has a market capitalization of $613.25 million, a P/E ratio of -220.00 and a beta of 0.90.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors have recently modified their holdings of VZLA. Jane Street Group LLC grew its position in Vizsla Silver by 2,412.1% in the third quarter. Jane Street Group LLC now owns 1,208,989 shares of the company's stock worth $2,321,000 after buying an additional 1,160,863 shares during the last quarter. Equinox Partners Investment Management LLC lifted its holdings in shares of Vizsla Silver by 11.5% in the third quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company's stock valued at $11,474,000 after purchasing an additional 619,600 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Vizsla Silver in the third quarter worth $1,916,000. Van ECK Associates Corp acquired a new position in Vizsla Silver during the third quarter valued at $18,528,000. Finally, Sanctuary Advisors LLC acquired a new stake in Vizsla Silver during the 3rd quarter worth about $37,000. Institutional investors own 22.46% of the company's stock.

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.