Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – Time to Sell?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped down before the market opened on Monday . The stock had previously closed at $5.92, but opened at $5.53. Vizsla Silver shares last traded at $5.5150, with a volume of 2,163,308 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Roth Capital raised their price objective on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Cantor Fitzgerald began coverage on Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $5.75.

Vizsla Silver Trading Down 5.0%

The stock has a market cap of $1.94 billion, a price-to-earnings ratio of -140.88 and a beta of 0.94. The company has a 50 day simple moving average of $4.68 and a 200-day simple moving average of $3.98.

Hedge Funds Weigh In On Vizsla Silver

A number of large investors have recently bought and sold shares of VZLA. Swiss Life Asset Management Ltd acquired a new stake in shares of Vizsla Silver in the third quarter valued at approximately $53,000. Tidal Investments LLC lifted its position in Vizsla Silver by 72.8% during the 3rd quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after buying an additional 6,080,923 shares in the last quarter. Susquehanna Advisors Group Inc. lifted its position in Vizsla Silver by 43.1% during the 3rd quarter. Susquehanna Advisors Group Inc. now owns 76,000 shares of the company’s stock worth $328,000 after buying an additional 22,900 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Vizsla Silver during the 3rd quarter worth about $431,000. Finally, Quarry LP grew its holdings in shares of Vizsla Silver by 213.5% in the 3rd quarter. Quarry LP now owns 163,397 shares of the company’s stock valued at $706,000 after acquiring an additional 111,272 shares in the last quarter. Institutional investors and hedge funds 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.