Vizsla Silver (NYSE:VZLA) Trading Down 4.1% – Should You Sell?

Vizsla Silver Corp. (NYSE:VZLA)’s share price was down 4.1% during mid-day trading on Thursday . The company traded as low as $2.00 and last traded at $2.01. Approximately 474,613 shares traded hands during trading, a decline of 73% from the average daily volume of 1,751,013 shares. The stock had previously closed at $2.09.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VZLA. BMO Capital Markets assumed coverage on Vizsla Silver in a research report on Friday. They set an “outperform” rating for the company. National Bank Financial began coverage on shares of Vizsla Silver in a report on Thursday, December 19th. They issued an “outperform” rating on the stock. Finally, Roth Mkm boosted their price target on shares of Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a report on Friday, January 10th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $4.06.

Vizsla Silver Stock Up 1.5 %

The business has a fifty day moving average of $1.85 and a 200 day moving average of $1.93. The firm has a market cap of $565.86 million, a P/E ratio of -203.00 and a beta of 0.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp acquired a new position in Vizsla Silver in the 3rd quarter valued at approximately $18,528,000. Equinox Partners Investment Management LLC raised its position in Vizsla Silver by 11.5% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock worth $11,474,000 after purchasing an additional 619,600 shares during the last quarter. Raffles Associates LP raised its position in 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 last quarter. Jane Street Group LLC grew its position in shares of Vizsla Silver by 2,412.1% in the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after buying an additional 1,160,863 shares during the last quarter. Finally, U S Global Investors Inc. increased its stake in shares of Vizsla Silver by 17.7% in the third quarter. U S Global Investors Inc. now owns 1,075,000 shares of the company’s stock valued at $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.