Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Receives $5.13 Consensus PT from Brokerages

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) has earned an average recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.1250.

VZLA has been the topic of a number of recent research reports. Zacks Research cut Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Roth Capital increased their target price on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VZLA. Tidal Investments LLC bought a new stake in Vizsla Silver during the 2nd quarter valued at $24,562,000. Bank of America Corp DE increased its position in shares of Vizsla Silver by 274.5% in the second quarter. Bank of America Corp DE now owns 8,022,629 shares of the company’s stock valued at $23,587,000 after acquiring an additional 5,880,575 shares during the period. Waratah Capital Advisors Ltd. bought a new position in shares of Vizsla Silver during the second quarter valued at about $15,290,000. Fourth Sail Capital LP purchased a new stake in shares of Vizsla Silver during the second quarter worth about $12,736,000. Finally, Van ECK Associates Corp grew its stake in shares of Vizsla Silver by 41.7% in the third quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock worth $58,698,000 after purchasing an additional 4,001,170 shares during the last quarter. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Stock Up 3.5%

Shares of NYSEAMERICAN:VZLA opened at $4.44 on Friday. The stock has a market cap of $1.54 billion, a PE ratio of -111.00 and a beta of 0.96. The company’s fifty day moving average is $4.29 and its 200 day moving average is $3.59. Vizsla Silver has a 52 week low of $1.67 and a 52 week high of $5.07.

About Vizsla Silver

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.