Vizsla Silver (NYSE:VZLA) Reaches New 1-Year High – Should You Buy?

Vizsla Silver Corp. (NYSE:VZLA) shares reached a new 52-week high on Wednesday . The stock traded as high as $4.00 and last traded at $3.81, with a volume of 3532287 shares. The stock had previously closed at $3.99.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VZLA. Zacks Research cut shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. National Bank Financial upgraded shares of Vizsla Silver to a “strong-buy” rating in a research report on Thursday, June 26th. Finally, Roth Capital reissued a “buy” rating on shares of Vizsla Silver in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $3.25.

Vizsla Silver Stock Down 4.5%

The firm has a market capitalization of $1.30 billion, a P/E ratio of -381.00 and a beta of 0.94. The company’s 50 day moving average is $3.40 and its 200-day moving average is $2.83.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VZLA. Bank of America Corp DE lifted its stake in shares of Vizsla Silver by 57.4% in the fourth quarter. Bank of America Corp DE now owns 2,009,190 shares of the company’s stock valued at $3,436,000 after buying an additional 733,054 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Vizsla Silver in the fourth quarter valued at $99,000. Millennium Management LLC lifted its stake in shares of Vizsla Silver by 134.2% in the fourth quarter. Millennium Management LLC now owns 231,844 shares of the company’s stock valued at $396,000 after buying an additional 132,842 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Vizsla Silver in the fourth quarter valued at $731,000. Finally, Two Sigma Advisers LP bought a new position in shares of Vizsla Silver in the fourth quarter valued at $55,000. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Company Profile

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.