Vizsla Silver Corp. (NYSE:VZLA) Receives $4.06 Consensus Target Price from Analysts

Shares of Vizsla Silver Corp. (NYSE:VZLA) have earned a consensus recommendation of “Buy” from the five research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.06.

Several research firms have recently issued reports on VZLA. Roth Mkm upped their price objective on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, January 10th. National Bank Financial started coverage on shares of Vizsla Silver in a research note on Thursday, December 19th. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets initiated coverage on shares of Vizsla Silver in a research report on Friday, January 24th. They set an “outperform” rating for the company.

Vizsla Silver Trading Up 0.5 %

Shares of VZLA stock opened at $2.06 on Friday. The company has a market cap of $574.23 million, a P/E ratio of -206.00 and a beta of 0.86. The firm has a fifty day moving average price of $1.87 and a 200 day moving average price of $1.93. Vizsla Silver has a 12 month low of $1.07 and a 12 month high of $2.39.

Institutional Investors Weigh In On Vizsla Silver

Several large investors have recently modified their holdings of VZLA. Marshall Wace LLP purchased a new stake in Vizsla Silver in the 2nd quarter valued at $407,000. HTLF Bank purchased a new stake in shares of Vizsla Silver in the third quarter valued at about $132,000. Equinox Partners Investment Management LLC raised its holdings in shares of Vizsla Silver by 11.5% in the third quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock valued at $11,474,000 after buying an additional 619,600 shares during the last quarter. U S Global Investors Inc. grew its holdings 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 last quarter. Finally, Van ECK Associates Corp acquired a new position in Vizsla Silver in the 3rd quarter valued at about $18,528,000. 22.46% of the stock is owned by institutional investors and hedge funds.

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.