Brokerages Set Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Target Price at $3.25

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) have received an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $3.25.

Several equities research analysts recently issued reports on VZLA shares. Zacks Research lowered Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Roth Capital reaffirmed a “buy” rating on shares of Vizsla Silver in a research report on Monday, September 8th.

Vizsla Silver Trading Down 1.2%

Vizsla Silver stock opened at $4.11 on Wednesday. The stock has a market cap of $1.41 billion, a P/E ratio of -102.75 and a beta of 0.98. The stock has a 50 day moving average of $4.10 and a 200-day moving average of $3.33. Vizsla Silver has a 52 week low of $1.67 and a 52 week high of $5.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bogart Wealth LLC bought a new position in Vizsla Silver during the third quarter valued at about $26,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Vizsla Silver in the 2nd quarter valued at $30,000. Accredited Investors Inc. acquired a new position in shares of Vizsla Silver in the 1st quarter valued at $35,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Vizsla Silver in the first quarter worth approximately $36,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Vizsla Silver in the third quarter worth approximately $50,000. 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.