Vizsla Silver (NYSE:VZLA) Reaches New 1-Year High – Here’s Why

Vizsla Silver Corp. (NYSE:VZLA)’s share price hit a new 52-week high on Monday . The company traded as high as $3.66 and last traded at $3.62, with a volume of 1344719 shares trading hands. The stock had previously closed at $3.45.

Analysts Set New Price Targets

Separately, Raymond James reissued an “outperform” rating on shares of Vizsla Silver in a research report on Friday, April 4th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vizsla Silver has a consensus rating of “Buy” and a consensus target price of $3.83.

Vizsla Silver Stock Performance

The firm has a market cap of $1.09 billion, a PE ratio of -364.50 and a beta of 0.94. The company’s 50-day simple moving average is $2.38 and its two-hundred day simple moving average is $2.14.

Institutional Trading of Vizsla Silver

A number of large investors have recently made changes to their positions in the stock. Accredited Investors Inc. bought a new stake in Vizsla Silver during the first quarter valued at approximately $35,000. Heck Capital Advisors LLC bought a new stake in Vizsla Silver in the fourth quarter worth $36,000. OMERS ADMINISTRATION Corp bought a new stake in Vizsla Silver in the first quarter worth $36,000. Two Sigma Advisers LP bought a new stake in Vizsla Silver in the fourth quarter worth $55,000. Finally, Connective Capital Management LLC bought a new stake in Vizsla Silver in the first quarter worth $68,000. 22.46% of the stock is currently owned by institutional investors.

Vizsla Silver Company Profile

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.