Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.00.

Several equities analysts recently weighed in on VZLA shares. National Bank Financial lowered shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce downgraded Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday. Cantor Fitzgerald started 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. Roth Mkm raised their target price on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday, January 14th.

Vizsla Silver Trading Down 1.7%

Vizsla Silver stock opened at $4.00 on Friday. The company has a market cap of $1.40 billion, a PE ratio of -100.00 and a beta of 0.96. Vizsla Silver has a 1 year low of $1.69 and a 1 year high of $7.19. The company’s 50-day moving average is $5.05 and its two-hundred day moving average is $4.61.

Hedge Funds Weigh In On Vizsla Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in VZLA. Bogart Wealth LLC acquired a new stake in Vizsla Silver in the 3rd quarter valued at approximately $26,000. Hohimer Wealth Management LLC acquired a new stake in shares of Vizsla Silver in the third quarter valued at approximately $47,000. Wealth Enhancement Advisory Services LLC bought a new position in Vizsla Silver in the third quarter valued at $50,000. Schonfeld Strategic Advisors LLC bought a new stake in Vizsla Silver during the 3rd quarter worth about $50,000. Finally, Swiss Life Asset Management Ltd bought a new position in shares of Vizsla Silver in the 3rd quarter valued at about $53,000. 22.46% of the stock is owned by institutional investors.

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.