Vizsla Silver (NYSE:VZLA) Shares Gap Up – Should You Buy?

Vizsla Silver Corp. (NYSE:VZLA)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $3.20, but opened at $3.43. Vizsla Silver shares last traded at $3.52, with a volume of 1,575,128 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Raymond James reissued an “outperform” rating on shares of Vizsla Silver in a research report on Friday, April 4th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $3.83.

Vizsla Silver Stock Performance

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -345.00 and a beta of 0.94. The company’s 50 day moving average is $2.38 and its 200 day moving average is $2.13.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds have recently made changes to their positions in VZLA. Accredited Investors Inc. acquired a new position in Vizsla Silver in the 1st quarter valued at approximately $35,000. Heck Capital Advisors LLC bought a new stake in shares of Vizsla Silver during the fourth quarter valued at approximately $36,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Vizsla Silver in the first quarter valued at $36,000. Two Sigma Advisers LP bought a new position in Vizsla Silver in the fourth quarter worth $55,000. Finally, Connective Capital Management LLC bought a new position in Vizsla Silver in the first quarter worth $68,000. 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.