Vizsla Silver (NYSEAMERICAN:VZLA) Trading Down 9.8% – Time to Sell?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) shares were down 9.8% during mid-day trading on Thursday . The company traded as low as $4.43 and last traded at $4.4550. Approximately 4,582,999 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 9,863,268 shares. The stock had previously closed at $4.94.

Analysts Set New Price Targets

VZLA has been the subject of a number of analyst reports. Raymond James Financial reissued an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. Roth Mkm increased their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Cantor Fitzgerald initiated coverage on shares of 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 equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $7.00.

Vizsla Silver Price Performance

The firm has a market capitalization of $1.61 billion, a P/E ratio of -115.00 and a beta of 0.93. The firm’s fifty day moving average price is $5.57 and its 200-day moving average price is $4.51.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VZLA. Bogart Wealth LLC bought a new stake in shares of Vizsla Silver during the 3rd quarter worth $26,000. Hohimer Wealth Management LLC purchased a new stake in shares of Vizsla Silver during the third quarter valued at $47,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Vizsla Silver during the third quarter valued at $50,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Vizsla Silver in the 3rd quarter valued at $50,000. Finally, Swiss Life Asset Management Ltd purchased a new position in Vizsla Silver in the 3rd quarter worth about $53,000. Institutional investors own 22.46% of the company’s stock.

About Vizsla Silver

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.