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

Vizsla Silver Corp. (NYSE:VZLA) has earned an average rating of “Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.83.

Several analysts have recently issued reports on VZLA shares. 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 research report on Friday, January 10th. Raymond James restated an “outperform” rating on shares of Vizsla Silver in a research report on Friday, April 4th. Finally, BMO Capital Markets began coverage on Vizsla Silver in a research report on Friday, January 24th. They issued an “outperform” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new stake in Vizsla Silver during the fourth quarter worth about $36,000. Tidal Investments LLC bought a new position in Vizsla Silver during the third quarter valued at approximately $38,000. Two Sigma Advisers LP purchased a new position in shares of Vizsla Silver during the fourth quarter worth approximately $55,000. Virtu Financial LLC bought a new stake in shares of Vizsla Silver in the 3rd quarter worth approximately $81,000. Finally, Quantbot Technologies LP boosted its stake in shares of Vizsla Silver by 19.1% in the 4th quarter. Quantbot Technologies LP now owns 56,819 shares of the company’s stock valued at $97,000 after purchasing an additional 9,102 shares in the last quarter. 22.46% of the stock is currently owned by institutional investors.

Vizsla Silver Stock Performance

VZLA stock opened at $2.09 on Friday. Vizsla Silver has a fifty-two week low of $1.36 and a fifty-two week high of $2.47. The stock has a fifty day moving average of $2.13 and a 200-day moving average of $2.02. The company has a market capitalization of $614.06 million, a price-to-earnings ratio of -209.00 and a beta of 0.75.

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.