Vizsla Silver (NYSE:VZLA) Stock Price Down 2.7% - Here's What Happened

Vizsla Silver Corp. (NYSE:VZLA - Get Free Report) shares fell 2.7% during mid-day trading on Wednesday . The stock traded as low as $2.34 and last traded at $2.34. 214,680 shares were traded during trading, a decline of 89% from the average session volume of 1,927,695 shares. The stock had previously closed at $2.40.

Analysts Set New Price Targets

A number of brokerages recently commented on VZLA. Roth Mkm lifted 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. National Bank Financial assumed coverage on shares of Vizsla Silver in a research report on Thursday, December 19th. They set an "outperform" rating for the company. Finally, BMO Capital Markets began coverage on shares of Vizsla Silver in a report on Friday, January 24th. They issued an "outperform" rating on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $4.06.

Vizsla Silver Trading Down 5.5 %

The business has a 50 day moving average price of $2.10 and a 200 day moving average price of $1.98. The company has a market capitalization of $639.16 million, a P/E ratio of -223.00 and a beta of 0.92.

Hedge Funds Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently made changes to their positions in the company. Sprott Inc. lifted its holdings in Vizsla Silver by 17.4% during the fourth 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 in the last quarter. Van ECK Associates Corp raised its position 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 worth $19,185,000 after purchasing an additional 1,706,330 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Vizsla Silver during the 4th quarter valued at about $9,165,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Vizsla Silver by 5.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,414,972 shares of the company's stock valued at $9,149,000 after purchasing an additional 283,052 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Vizsla Silver by 23.3% during the 4th quarter. Mackenzie Financial Corp now owns 4,162,387 shares of the company's stock worth $7,029,000 after purchasing an additional 787,908 shares in the last quarter. Institutional investors and hedge funds own 22.46% of the company's stock.

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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.