Vizsla Silver (NYSEAMERICAN:VZLA) Cut to “Hold” at Natl Bk Canada

Natl Bk Canada lowered shares of Vizsla Silver (NYSEAMERICAN:VZLA) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

VZLA has been the topic of several other research reports. National Bank Financial lowered Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research report on Tuesday. Roth Mkm increased their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Cantor Fitzgerald assumed coverage on shares of Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 price target on the stock. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Vizsla Silver Price Performance

NYSEAMERICAN:VZLA opened at $3.63 on Tuesday. The company’s fifty day moving average price is $5.49 and its 200-day moving average price is $4.52. Vizsla Silver has a 1-year low of $1.69 and a 1-year high of $7.19. The firm has a market capitalization of $1.27 billion, a P/E ratio of -90.75 and a beta of 0.93.

Institutional Trading of Vizsla Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Trek Financial LLC purchased a new position in Vizsla Silver in the third quarter valued at approximately $3,755,000. Intact Investment Management Inc. acquired a new stake in shares of Vizsla Silver in the third quarter worth $690,000. Alps Advisors Inc. increased its position in shares of Vizsla Silver by 113.1% in the third quarter. Alps Advisors Inc. now owns 3,390,528 shares of the company’s stock worth $14,647,000 after acquiring an additional 1,799,269 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new position in shares of Vizsla Silver in the 2nd quarter valued at $2,460,000. Finally, Fourth Sail Capital LP acquired a new position in shares of Vizsla Silver during the 2nd quarter valued at $12,736,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

Vizsla Silver Company Profile

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.