Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – What’s Next?

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped down prior to trading on Thursday . The stock had previously closed at $4.67, but opened at $4.03. Vizsla Silver shares last traded at $4.0650, with a volume of 31,005,412 shares traded.

Wall Street Analysts Forecast Growth

VZLA has been the subject of a number of research reports. Roth Capital increased their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Zacks Research lowered Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $5.13.

Vizsla Silver Stock Up 1.0%

The company has a market capitalization of $1.39 billion, a P/E ratio of -100.75 and a beta of 0.96. The business’s 50-day moving average price is $4.27 and its 200 day moving average price is $3.55.

Institutional Trading of Vizsla Silver

A number of institutional investors and hedge funds have recently modified their holdings of the business. Amundi increased its position in Vizsla Silver by 125.0% during the first quarter. Amundi now owns 2,250,000 shares of the company’s stock valued at $4,838,000 after acquiring an additional 1,250,000 shares during the last quarter. K.J. Harrison & Partners Inc bought a new position in Vizsla Silver in the second quarter worth approximately $2,460,000. Verde Servicos Internacionais S.A. purchased a new stake in shares of Vizsla Silver in the 2nd quarter worth $323,000. Triasima Portfolio Management inc. bought a new position in Vizsla Silver in the 2nd quarter worth $1,546,000. Finally, Fourth Sail Capital LP purchased a new position in Vizsla Silver during the second quarter valued at $12,736,000. Institutional investors own 22.46% of the company’s stock.

About Vizsla Silver

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.