Vizsla Silver (NYSE:VZLA) Shares Gap Up – Still a Buy?

Vizsla Silver Corp. (NYSE:VZLA)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $1.71, but opened at $1.79. Vizsla Silver shares last traded at $1.75, with a volume of 921,070 shares changing hands.

Analyst Ratings Changes

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

Vizsla Silver Stock Performance

The stock has a market capitalization of $521.51 million, a PE ratio of -177.50 and a beta of 0.75. The company’s fifty day simple moving average is $2.14 and its two-hundred day simple moving average is $2.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VZLA. Jane Street Group LLC grew its holdings in 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 buying an additional 1,160,863 shares during the last quarter. Amundi acquired a new position in Vizsla Silver in the 4th quarter valued at about $1,710,000. The Manufacturers Life Insurance Company purchased a new position in Vizsla Silver in the 3rd quarter valued at about $1,916,000. Van ECK Associates Corp boosted its stake in shares of Vizsla Silver by 17.7% during the 4th quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company’s stock worth $19,185,000 after purchasing an additional 1,706,330 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Vizsla Silver during the 3rd quarter worth about $37,000. 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.