Vizsla Silver (NYSE:VZLA) Sees Large Volume Increase – Should You Buy?

Shares of Vizsla Silver Corp. (NYSE:VZLA) saw strong trading volume on Friday . 1,646,432 shares were traded during mid-day trading, a decline of 0% from the previous session’s volume of 1,654,118 shares.The stock last traded at $2.31 and had previously closed at $2.20.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Roth Mkm increased their target price on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Friday, January 10th. National Bank Financial began coverage on shares of Vizsla Silver in a report on Thursday, December 19th. They set an “outperform” rating for the company. Finally, BMO Capital Markets initiated coverage on shares of Vizsla Silver in a research note on Friday, January 24th. They issued an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $4.06.

Vizsla Silver Stock Up 1.4 %

The stock’s 50 day moving average is $1.95 and its two-hundred day moving average is $1.95.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors have recently bought and sold shares of the business. Accredited Investors Inc. bought a new stake in Vizsla Silver during the 3rd quarter valued at $30,000. Tidal Investments LLC purchased a new stake in shares of Vizsla Silver during the 3rd quarter worth $38,000. Sanctuary Advisors LLC purchased a new stake in shares of Vizsla Silver during the 3rd quarter worth $37,000. Heck Capital Advisors LLC bought a new stake in Vizsla Silver during the fourth quarter valued at about $36,000. Finally, Virtu Financial LLC purchased a new position in Vizsla Silver in the third quarter valued at about $81,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

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.