Vizsla Silver (NYSE:VZLA) Trading Down 3.3% – Should You Sell?

Shares of Vizsla Silver Corp. (NYSE:VZLA) were down 3.3% during trading on Wednesday . The stock traded as low as $2.22 and last traded at $2.23. Approximately 209,468 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,471,451 shares. The stock had previously closed at $2.30.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VZLA. 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. National Bank Financial assumed coverage on shares of Vizsla Silver in a research report on Thursday, December 19th. They issued an “outperform” rating on the stock. Finally, Roth Mkm boosted their target price on shares of Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $4.06.

Vizsla Silver Trading Down 4.0 %

The stock has a market cap of $620.49 million, a P/E ratio of -215.00 and a beta of 0.92. The business has a 50-day simple moving average of $2.16 and a 200 day simple moving average of $2.00.

Institutional Trading of Vizsla Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Vizsla Silver during the third quarter worth $1,916,000. Quantbot Technologies LP grew its holdings in Vizsla Silver by 142.9% during the 3rd quarter. Quantbot Technologies LP now owns 47,717 shares of the company’s stock worth $92,000 after acquiring an additional 28,072 shares during the period. Verition Fund Management LLC bought a new position in shares of Vizsla Silver in the 3rd quarter worth about $115,000. Integrated Wealth Concepts LLC lifted its stake in shares of Vizsla Silver by 29.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 52,117 shares of the company’s stock valued at $100,000 after purchasing an additional 11,728 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Vizsla Silver by 2,412.1% during the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after purchasing an additional 1,160,863 shares in the last quarter. Institutional investors and hedge funds 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.