Vizsla Silver (NYSE:VZLA) Trading Down 4.1% – What’s Next?

Shares of Vizsla Silver Corp. (NYSE:VZLA) traded down 4.1% during trading on Thursday . The company traded as low as $2.00 and last traded at $2.01. 474,613 shares changed hands during trading, a decline of 73% from the average session volume of 1,751,013 shares. The stock had previously closed at $2.09.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VZLA shares. National Bank Financial started coverage on Vizsla Silver in a report on Thursday, December 19th. They issued an “outperform” rating for the company. Roth Mkm upped their target price on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a report on Friday, January 10th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $4.06.

Vizsla Silver Price Performance

The company’s fifty day simple moving average is $1.84 and its 200-day simple moving average is $1.93. The firm has a market capitalization of $555.55 million, a PE ratio of -199.50 and a beta of 0.86.

Hedge Funds Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp purchased a new position in Vizsla Silver in the third quarter worth approximately $18,528,000. Equinox Partners Investment Management LLC raised its stake in shares of Vizsla Silver by 11.5% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock valued at $11,474,000 after acquiring an additional 619,600 shares during the period. Raffles Associates LP boosted its position in shares of Vizsla Silver by 111.7% during the 3rd quarter. Raffles Associates LP now owns 1,694,010 shares of the company’s stock worth $3,252,000 after purchasing an additional 893,700 shares during the period. Jane Street Group LLC raised its position in Vizsla Silver by 2,412.1% in the third quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after purchasing an additional 1,160,863 shares during the period. Finally, U S Global Investors Inc. boosted its position in shares of 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 buying an additional 162,000 shares during the period. 22.46% of the stock is currently owned by institutional investors and hedge funds.

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.