Vizsla Silver (NYSEAMERICAN:VZLA) Reaches New 52-Week High – Time to Buy?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s stock price reached a new 52-week high on Monday . The stock traded as high as $7.19 and last traded at $7.0330, with a volume of 2727791 shares trading hands. The stock had previously closed at $6.65.

Wall Street Analyst Weigh In

VZLA has been the topic of several research reports. Raymond James Financial reiterated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. Roth Mkm upped their price target on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Cantor Fitzgerald initiated coverage on Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $7.00.

Vizsla Silver Trading Down 0.4%

The stock has a market capitalization of $2.30 billion, a P/E ratio of -166.15 and a beta of 0.94. The business has a fifty day simple moving average of $5.37 and a 200 day simple moving average of $4.36.

Hedge Funds Weigh In On Vizsla Silver

A number of hedge funds have recently bought and sold shares of VZLA. Bogart Wealth LLC bought a new stake in shares of Vizsla Silver in the 3rd quarter worth $26,000. Hohimer Wealth Management LLC purchased a new stake in Vizsla Silver in the 3rd quarter valued at about $47,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Vizsla Silver during the 3rd quarter worth approximately $50,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Vizsla Silver in the 3rd quarter worth approximately $50,000. Finally, Swiss Life Asset Management Ltd purchased a new position in shares of Vizsla Silver in the 3rd quarter worth approximately $53,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

About Vizsla Silver

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.