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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.00.

A number of brokerages recently weighed in on VZLA. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. National Bankshares lowered shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research report on Tuesday. Roth Mkm raised their price target on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Cantor Fitzgerald assumed coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They set a “buy” rating and a $7.00 target price for the company.

Vizsla Silver Stock Performance

VZLA traded up $0.02 during mid-day trading on Tuesday, reaching $4.10. 36,961,025 shares of the stock were exchanged, compared to its average volume of 11,883,521. The stock has a market capitalization of $1.43 billion, a PE ratio of -102.50 and a beta of 0.94. The company has a 50 day moving average price of $5.55 and a two-hundred day moving average price of $4.53. Vizsla Silver has a 1 year low of $1.69 and a 1 year high of $7.19.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Sprott Inc. grew its stake in shares of Vizsla Silver by 1.4% in the third quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock valued at $98,691,000 after buying an additional 306,900 shares in the last quarter. Franklin Resources Inc. grew its stake in Vizsla Silver by 9.3% during the 2nd quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock worth $45,146,000 after buying an additional 1,306,000 shares during the last quarter. Tidal Investments LLC increased its position in Vizsla Silver by 72.8% in the 3rd quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock valued at $62,361,000 after acquiring an additional 6,080,923 shares during the period. Van ECK Associates Corp boosted its stake in Vizsla Silver by 41.7% during the 3rd 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. increased its holdings in shares of Vizsla Silver by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock valued at $49,220,000 after buying an additional 3,139,086 shares in the last quarter. Hedge funds and other institutional investors own 22.46% of the company’s stock.

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.