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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped up before the market opened on Tuesday . The stock had previously closed at $4.52, but opened at $4.62. Vizsla Silver shares last traded at $4.4850, with a volume of 325,808 shares traded.

Analyst Ratings Changes

VZLA has been the topic of a number of recent research reports. Roth Capital upped their price objective on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Zacks Research downgraded Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $5.13.

Vizsla Silver Stock Down 0.3%

The business has a 50 day moving average price of $4.23 and a 200 day moving average price of $3.51. The stock has a market cap of $1.56 billion, a P/E ratio of -112.38 and a beta of 0.97.

Institutional Trading of Vizsla Silver

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi lifted its holdings in shares of Vizsla Silver by 125.0% in the 1st quarter. Amundi now owns 2,250,000 shares of the company’s stock worth $4,838,000 after buying an additional 1,250,000 shares during the period. K.J. Harrison & Partners Inc purchased a new position in shares of Vizsla Silver in the 2nd quarter worth approximately $2,460,000. Ninepoint Partners LP purchased a new position in Vizsla Silver in the first quarter worth $2,653,000. Verde Servicos Internacionais S.A. acquired a new position in Vizsla Silver during the 2nd quarter valued at about $323,000. Finally, Triasima Portfolio Management inc. acquired a new position in shares of Vizsla Silver during the second quarter valued at about $1,546,000. 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.