Vizsla Silver (NYSEAMERICAN:VZLA) Cut to “Hold” at Natl Bk Canada

Vizsla Silver (NYSEAMERICAN:VZLA) was downgraded by Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday, January 14th. National Bank Financial downgraded shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Cantor Fitzgerald started coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 target price on the stock. Finally, Roth Mkm boosted their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.00.

Vizsla Silver Stock Performance

VZLA opened at $3.88 on Tuesday. The company has a market cap of $1.36 billion, a PE ratio of -97.00 and a beta of 0.93. The stock has a 50-day moving average of $5.51 and a 200-day moving average of $4.53. Vizsla Silver has a 52-week low of $1.69 and a 52-week high of $7.19.

Institutional Trading of Vizsla Silver

A number of hedge funds have recently bought and sold shares of the stock. Sprott Inc. increased its holdings in shares of Vizsla Silver by 1.4% during the 3rd quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock worth $98,691,000 after purchasing an additional 306,900 shares during the period. Franklin Resources Inc. grew its position in Vizsla Silver by 9.3% during the second quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock worth $45,146,000 after buying an additional 1,306,000 shares in the last quarter. Tidal Investments LLC increased its stake in Vizsla Silver by 72.8% during the third quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock valued at $62,361,000 after acquiring an additional 6,080,923 shares during the period. 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 valued at $58,698,000 after acquiring an additional 4,001,170 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Vizsla Silver by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock valued at $49,220,000 after acquiring an additional 3,139,086 shares in the last quarter. 22.46% of the stock is owned by 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.