Vizsla Silver (NYSE:VZLA) Shares Gap Up – Time to Buy?

Vizsla Silver Corp. (NYSE:VZLA) gapped up before the market opened on Monday . The stock had previously closed at $3.25, but opened at $3.38. Vizsla Silver shares last traded at $3.34, with a volume of 1,849,993 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on VZLA. National Bank Financial upgraded shares of Vizsla Silver to a “strong-buy” rating in a research report on Thursday, June 26th. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a research report on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Vizsla Silver has a consensus rating of “Buy” and an average target price of $3.83.

Vizsla Silver Stock Performance

The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -329.50 and a beta of 0.92. The business’s 50-day simple moving average is $2.97 and its 200-day simple moving average is $2.39.

Institutional Trading of Vizsla Silver

A number of large investors have recently bought and sold shares of the business. Quantbot Technologies LP grew its stake in shares of Vizsla Silver by 19.1% during the 4th quarter. Quantbot Technologies LP now owns 56,819 shares of the company’s stock worth $97,000 after acquiring an additional 9,102 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Vizsla Silver during the 2nd quarter worth approximately $30,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Vizsla Silver by 7.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company’s stock worth $376,000 after acquiring an additional 10,975 shares in the last quarter. Accredited Investors Inc. bought a new position in shares of Vizsla Silver during the 1st quarter worth approximately $35,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Vizsla Silver during the 1st quarter worth approximately $36,000. 22.46% of the stock is owned by 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.