Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – Should You Sell?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $3.36, but opened at $3.07. Vizsla Silver shares last traded at $3.1250, with a volume of 5,659,024 shares.

Analysts Set New Price Targets

A number of brokerages recently commented on VZLA. Raymond James Financial reaffirmed an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 10th. Cantor Fitzgerald assumed coverage on Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 price objective for the company. Finally, Canadian Imperial Bank of Commerce cut Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Vizsla Silver Stock Down 5.2%

The company has a debt-to-equity ratio of 0.66, a quick ratio of 65.89 and a current ratio of 65.89. The company’s fifty day moving average price is $4.75 and its 200-day moving average price is $4.63. The stock has a market cap of $1.11 billion, a P/E ratio of -9.13 and a beta of 0.96.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VZLA. Sprott Inc. raised its holdings in shares of Vizsla Silver by 1.4% in the third quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock worth $98,691,000 after buying an additional 306,900 shares during the period. Franklin Resources Inc. boosted its holdings in Vizsla Silver by 9.3% during the 2nd quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock valued at $45,146,000 after acquiring an additional 1,306,000 shares during the period. Tidal Investments LLC grew its position in Vizsla Silver by 72.8% in the 3rd 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 last quarter. Van ECK Associates Corp increased its stake in Vizsla Silver by 41.7% in the third quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock worth $58,698,000 after purchasing an additional 4,001,170 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vizsla Silver by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after purchasing an additional 3,139,086 shares during the period. 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.