Vizsla Silver Corp. (NYSE:VZLA) Given Average Rating of “Buy” by Brokerages

Shares of Vizsla Silver Corp. (NYSE:VZLA) have been given a consensus recommendation of “Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $3.25.

Several equities research analysts have issued reports on VZLA shares. National Bank Financial upgraded shares of Vizsla Silver to a “strong-buy” rating in a research note on Thursday, June 26th. Roth Capital reissued a “buy” rating on shares of Vizsla Silver in a research report on Monday, September 8th. Finally, Zacks Research downgraded shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. bought a new position in shares of Vizsla Silver in the 1st quarter valued at about $227,000. Amundi grew its position in shares of Vizsla Silver by 125.0% in the 1st quarter. Amundi now owns 2,250,000 shares of the company’s stock valued at $4,838,000 after acquiring an additional 1,250,000 shares during the period. Alps Advisors Inc. grew its position in shares of Vizsla Silver by 954.6% in the 1st quarter. Alps Advisors Inc. now owns 969,071 shares of the company’s stock valued at $2,200,000 after acquiring an additional 877,177 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Vizsla Silver by 7.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company’s stock valued at $376,000 after acquiring an additional 10,975 shares during the period. Finally, Ninepoint Partners LP bought a new position in shares of Vizsla Silver in the 1st quarter valued at about $2,653,000. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Trading Up 1.4%

Shares of VZLA stock opened at $4.42 on Friday. Vizsla Silver has a 1 year low of $1.67 and a 1 year high of $4.62. The firm’s fifty day moving average price is $3.64 and its two-hundred day moving average price is $3.01. The firm has a market capitalization of $1.51 billion, a P/E ratio of -442.00 and a beta of 0.97.

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.