Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – Here’s Why

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $5.04, but opened at $5.42. Vizsla Silver shares last traded at $5.2150, with a volume of 1,460,169 shares changing hands.

Analyst Ratings Changes

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

Vizsla Silver Stock Up 2.5%

The company has a market capitalization of $1.79 billion, a P/E ratio of -129.43 and a beta of 0.94. The business has a 50 day moving average of $5.57 and a 200 day moving average of $4.48.

Institutional Investors Weigh In On Vizsla Silver

A number of hedge funds have recently bought and sold shares of VZLA. Tidal Investments LLC bought a new position in Vizsla Silver during the second quarter valued at $24,562,000. Bank of America Corp DE raised its position in shares of 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 buying an additional 5,880,575 shares in the last quarter. Waratah Capital Advisors Ltd. bought a new position in shares of Vizsla Silver in the 2nd quarter valued at about $15,290,000. Fourth Sail Capital LP purchased a new position in Vizsla Silver in the second quarter worth about $12,736,000. Finally, Van ECK Associates Corp increased its stake in Vizsla Silver by 41.7% during the third quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock worth $58,698,000 after acquiring an additional 4,001,170 shares during the last quarter. Hedge funds and other 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.