Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.00.

A number of equities analysts have commented on the stock. National Bank Financial cut shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 10th. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday, January 14th. Canadian Imperial Bank of Commerce downgraded shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Cantor Fitzgerald began coverage on Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 target price on the stock.

Vizsla Silver Stock Up 5.4%

Shares of NYSEAMERICAN VZLA opened at $3.30 on Wednesday. The company has a current ratio of 65.89, a quick ratio of 65.89 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $4.25 and a 200-day moving average of $4.60. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -9.43 and a beta of 0.96. Vizsla Silver has a 12 month low of $1.69 and a 12 month high of $7.19.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors have recently modified their holdings of VZLA. Ameriprise Financial Inc. boosted its stake in shares of Vizsla Silver by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 26,310 shares of the company’s stock valued at $114,000 after purchasing an additional 2,410 shares during the period. Swiss Life Asset Management Ltd grew its holdings in shares of Vizsla Silver by 20.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 14,681 shares of the company’s stock worth $80,000 after purchasing an additional 2,498 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Vizsla Silver by 2.3% in the third quarter. D.A. Davidson & CO. now owns 220,000 shares of the company’s stock worth $950,000 after buying an additional 5,000 shares during the period. Bogart Wealth LLC bought a new stake in Vizsla Silver during the 3rd quarter valued at $26,000. Finally, Pale Fire Capital SE raised its holdings in Vizsla Silver by 25.6% during the 2nd quarter. Pale Fire Capital SE now owns 38,800 shares of the company’s stock valued at $114,000 after buying an additional 7,900 shares during the last quarter. 22.46% of the stock is currently owned by institutional investors.

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.