Vizsla Silver Corp. (NYSE:VZLA) Receives Average Recommendation of “Buy” from Brokerages

Vizsla Silver Corp. (NYSE:VZLA) has been given an average rating of “Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $4.06.

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

Vizsla Silver Price Performance

VZLA stock opened at $2.23 on Friday. The firm has a 50-day moving average of $2.10 and a 200 day moving average of $1.98. The company has a market cap of $639.16 million, a P/E ratio of -223.00 and a beta of 0.92. Vizsla Silver has a 1 year low of $1.22 and a 1 year high of $2.47.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds have recently added to or reduced their stakes in VZLA. Accredited Investors Inc. bought a new position in shares of Vizsla Silver during the third quarter valued at $30,000. Heck Capital Advisors LLC purchased a new stake in Vizsla Silver during the 4th quarter valued at about $36,000. Sanctuary Advisors LLC bought a new stake in Vizsla Silver during the 3rd quarter valued at about $37,000. Tidal Investments LLC purchased a new position in Vizsla Silver in the third quarter worth about $38,000. Finally, Two Sigma Advisers LP bought a new position in shares of Vizsla Silver in the fourth quarter worth approximately $55,000. 22.46% of the stock is 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.