Vizsla Silver (NYSEAMERICAN:VZLA) Hits New 12-Month High – Still a Buy?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) reached a new 52-week high during trading on Monday . The stock traded as high as $7.19 and last traded at $7.0330, with a volume of 2727791 shares changing hands. The stock had previously closed at $6.65.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VZLA shares. Raymond James Financial reissued an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday, January 14th. Cantor Fitzgerald started coverage on Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Roth Mkm lifted their target price on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Stock Performance

The firm’s fifty day moving average is $5.37 and its 200-day moving average is $4.36. The company has a market capitalization of $2.30 billion, a P/E ratio of -166.15 and a beta of 0.94.

Institutional Investors Weigh In On Vizsla Silver

Large investors have recently modified their holdings of the company. Bogart Wealth LLC bought a new position in shares of Vizsla Silver in the 3rd quarter worth about $26,000. Hohimer Wealth Management LLC bought a new stake in Vizsla Silver in the third quarter worth approximately $47,000. Wealth Enhancement Advisory Services LLC acquired a new position in Vizsla Silver in the third quarter valued at approximately $50,000. Schonfeld Strategic Advisors LLC acquired a new position in Vizsla Silver in the third quarter valued at approximately $50,000. Finally, Swiss Life Asset Management Ltd bought a new position in shares of Vizsla Silver during the 3rd quarter worth approximately $53,000. 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.