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

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $5.1250.

Several research firms have weighed in on VZLA. Roth Capital boosted their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Zacks Research cut Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd.

Vizsla Silver Trading Up 0.8%

Shares of VZLA stock opened at $5.19 on Thursday. Vizsla Silver has a twelve month low of $1.67 and a twelve month high of $5.61. The company’s 50-day moving average price is $4.56 and its 200-day moving average price is $3.86. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -129.75 and a beta of 0.94.

Hedge Funds Weigh In On Vizsla Silver

A number of hedge funds have recently modified their holdings of VZLA. Sprott Inc. boosted its stake in Vizsla Silver by 3.9% during the first quarter. Sprott Inc. now owns 23,703,712 shares of the company’s stock worth $54,084,000 after buying an additional 898,246 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Vizsla Silver by 9.3% in the 2nd quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock worth $45,146,000 after acquiring an additional 1,306,000 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Vizsla Silver by 72.8% during the 3rd quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after purchasing an additional 6,080,923 shares during the period. Van ECK Associates Corp boosted its position in shares of Vizsla Silver by 41.7% during the 3rd 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vizsla Silver by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock valued at $49,220,000 after purchasing an additional 3,139,086 shares during the last quarter. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

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.