Vizsla Silver (NYSE:VZLA) Trading 8.9% Higher – What’s Next?

Vizsla Silver Corp. (NYSE:VZLA)’s stock price rose 8.9% during mid-day trading on Tuesday . The company traded as high as $2.07 and last traded at $2.07. Approximately 793,480 shares were traded during trading, a decline of 54% from the average daily volume of 1,735,985 shares. The stock had previously closed at $1.90.

Analyst Ratings Changes

VZLA has been the topic of several research analyst reports. National Bank Financial began coverage on Vizsla Silver in a research report on Thursday, December 19th. They set an “outperform” rating on the stock. Roth Mkm lifted their target price on shares of Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a report on Friday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $4.06.

Vizsla Silver Stock Performance

The stock has a market capitalization of $549.14 million, a PE ratio of -197.00 and a beta of 0.86. The business’s 50-day moving average is $1.83 and its two-hundred day moving average is $1.92.

Institutional Investors Weigh In On Vizsla Silver

Several institutional investors have recently made changes to their positions in VZLA. Van ECK Associates Corp acquired a new position in Vizsla Silver in the 3rd quarter valued at about $18,528,000. Equinox Partners Investment Management LLC grew its holdings in shares of Vizsla Silver by 11.5% during the third quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock worth $11,474,000 after buying an additional 619,600 shares in the last quarter. Raffles Associates LP raised its position in shares of Vizsla Silver by 111.7% in the third quarter. Raffles Associates LP now owns 1,694,010 shares of the company’s stock valued at $3,252,000 after buying an additional 893,700 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Vizsla Silver by 2,412.1% during the third quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after buying an additional 1,160,863 shares during the period. Finally, U S Global Investors Inc. boosted its position in Vizsla Silver by 17.7% during the third quarter. U S Global Investors Inc. now owns 1,075,000 shares of the company’s stock worth $2,058,000 after acquiring an additional 162,000 shares during the last quarter. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

About Vizsla Silver

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.