Vizsla Silver Corp. (NYSE:VZLA) Receives $3.83 Consensus Target Price from Analysts

Vizsla Silver Corp. (NYSE:VZLA) has received a consensus rating of “Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $3.83.

VZLA has been the topic of a number of recent analyst reports. Raymond James restated an “outperform” rating on shares of Vizsla Silver in a research note on Friday, April 4th. BMO Capital Markets initiated coverage on Vizsla Silver in a research note on Friday, January 24th. They issued an “outperform” rating for the company.

Institutional Trading of Vizsla Silver

Large investors have recently made changes to their positions in the business. Amundi acquired a new position in Vizsla Silver during the fourth quarter valued at $1,710,000. Van ECK Associates Corp lifted its holdings in shares of Vizsla Silver by 17.7% in the 4th quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company’s stock valued at $19,185,000 after buying an additional 1,706,330 shares during the period. Virtu Financial LLC purchased a new stake in shares of Vizsla Silver in the third quarter worth about $81,000. JPMorgan Chase & Co. acquired a new stake in Vizsla Silver during the third quarter worth about $230,000. Finally, Heck Capital Advisors LLC purchased a new position in Vizsla Silver during the fourth quarter valued at approximately $36,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

Vizsla Silver Stock Up 5.4 %

VZLA opened at $2.35 on Friday. The company has a market cap of $690.45 million, a P/E ratio of -235.00 and a beta of 0.76. The firm’s 50-day moving average price is $2.16 and its 200-day moving average price is $2.02. Vizsla Silver has a 52-week low of $1.46 and a 52-week high of $2.47.

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.