Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – Still a Buy?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped up prior to trading on Monday . The stock had previously closed at $3.92, but opened at $4.23. Vizsla Silver shares last traded at $4.2050, with a volume of 743,805 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Zacks Research downgraded shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Roth Capital reiterated a “buy” rating on shares of Vizsla Silver in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Vizsla Silver presently has an average rating of “Buy” and a consensus price target of $3.25.

Vizsla Silver Trading Up 7.8%

The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -105.63 and a beta of 0.97. The company’s 50-day moving average is $4.14 and its 200-day moving average is $3.41.

Institutional Trading of Vizsla Silver

A number of institutional investors have recently modified their holdings of the business. Tidal Investments LLC purchased a new position in shares of Vizsla Silver during the second quarter valued at approximately $24,562,000. Bank of America Corp DE increased its position in Vizsla Silver by 274.5% during the 2nd quarter. Bank of America Corp DE now owns 8,022,629 shares of the company’s stock valued at $23,587,000 after purchasing an additional 5,880,575 shares during the period. Waratah Capital Advisors Ltd. bought a new position in Vizsla Silver in the 2nd quarter worth $15,290,000. Fourth Sail Capital LP purchased a new stake in shares of Vizsla Silver in the 2nd quarter worth about $12,736,000. Finally, Mackenzie Financial Corp lifted its position in shares of Vizsla Silver by 83.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company’s stock worth $17,482,000 after purchasing an additional 3,484,743 shares during the period. 22.46% of the stock is currently 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.