Vizsla Silver (NYSEAMERICAN:VZLA) Stock Price Up 3.9% – Here’s What Happened

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s stock price traded up 3.9% during mid-day trading on Friday . The stock traded as high as $5.88 and last traded at $5.8930. 5,580,154 shares were traded during mid-day trading, an increase of 49% from the average session volume of 3,734,817 shares. The stock had previously closed at $5.67.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Roth Capital increased their target price on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Cantor Fitzgerald began coverage on Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $5.75.

Vizsla Silver Trading Up 4.4%

The firm has a market cap of $2.04 billion, a P/E ratio of -148.00 and a beta of 0.94. The company has a fifty day moving average price of $4.68 and a two-hundred day moving average price of $3.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VZLA. Sprott Inc. raised its holdings in shares of Vizsla Silver by 1.4% during the third quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock worth $98,691,000 after acquiring an additional 306,900 shares during the period. Franklin Resources Inc. raised its stake 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 valued at $45,146,000 after purchasing an additional 1,306,000 shares during the period. Tidal Investments LLC lifted its holdings in shares of Vizsla Silver by 72.8% in the third quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock valued at $62,361,000 after purchasing an additional 6,080,923 shares in the last quarter. Van ECK Associates Corp lifted its holdings 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 valued at $58,698,000 after purchasing an additional 4,001,170 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Vizsla Silver by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after buying an additional 3,139,086 shares during the period. Institutional investors and hedge funds own 22.46% of the company’s stock.

About Vizsla Silver

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.