Vizsla Silver (NYSE:VZLA) Shares Gap Up – Should You Buy?

Shares of Vizsla Silver Corp. (NYSE:VZLA) gapped up prior to trading on Wednesday . The stock had previously closed at $1.71, but opened at $1.79. Vizsla Silver shares last traded at $1.75, with a volume of 921,070 shares.

Analyst Upgrades and Downgrades

VZLA has been the subject of several research reports. BMO Capital Markets assumed coverage on shares of Vizsla Silver in a report on Friday, January 24th. They set an “outperform” rating for the company. Roth Mkm boosted their target price on shares of Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a research note on Friday, January 10th. National Bank Financial began coverage on Vizsla Silver in a report on Thursday, December 19th. They set an “outperform” rating on the stock. Finally, Raymond James reaffirmed an “outperform” rating on shares of Vizsla Silver in a report on Friday, April 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $4.06.

Vizsla Silver Trading Up 6.5 %

The firm has a market cap of $622.87 million, a PE ratio of -212.00 and a beta of 0.75. The company’s 50 day moving average price is $2.13 and its two-hundred day moving average price is $2.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its stake in Vizsla Silver by 2,412.1% during the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock worth $2,321,000 after acquiring an additional 1,160,863 shares during the period. Amundi bought a new stake in shares of Vizsla Silver during the 4th quarter valued at $1,710,000. Van ECK Associates Corp raised its position in shares of Vizsla Silver by 17.7% during the 4th quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company’s stock valued at $19,185,000 after purchasing an additional 1,706,330 shares during the period. Sanctuary Advisors LLC bought a new position in Vizsla Silver in the 3rd quarter worth $37,000. Finally, Virtu Financial LLC purchased a new stake in Vizsla Silver in the 3rd quarter worth $81,000. Institutional investors own 22.46% of the company’s stock.

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.