Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – Time to Sell?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped down before the market opened on Thursday . The stock had previously closed at $6.86, but opened at $6.00. Vizsla Silver shares last traded at $5.68, with a volume of 11,959,211 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VZLA. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday, January 14th. Cantor Fitzgerald assumed coverage on Vizsla Silver in a research report on Monday, December 22nd. They issued a “buy” rating and a $7.00 price objective for the company. Finally, Roth Mkm increased their target price on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Stock Performance

The company’s fifty day moving average is $5.49 and its two-hundred day moving average is $4.43. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -145.88 and a beta of 0.94.

Institutional Investors Weigh In On Vizsla Silver

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in shares of Vizsla Silver by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 26,310 shares of the company’s stock worth $114,000 after purchasing an additional 2,410 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Vizsla Silver by 2.3% in the 3rd quarter. D.A. Davidson & CO. now owns 220,000 shares of the company’s stock worth $950,000 after acquiring an additional 5,000 shares in the last quarter. Bogart Wealth LLC bought a new stake in shares of Vizsla Silver in the 3rd quarter valued at approximately $26,000. Pale Fire Capital SE raised its position in shares of Vizsla Silver by 25.6% during the 2nd quarter. Pale Fire Capital SE now owns 38,800 shares of the company’s stock valued at $114,000 after acquiring an additional 7,900 shares in the last quarter. Finally, Rathbones Group PLC lifted its stake in Vizsla Silver by 52.7% during the third quarter. Rathbones Group PLC now owns 25,000 shares of the company’s stock worth $108,000 after purchasing an additional 8,625 shares during the last quarter. Institutional investors own 22.46% of the company’s stock.

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.