Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Receives Average Recommendation of “Buy” from Brokerages

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) has received an average recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $3.25.

Several research firms have commented on VZLA. Roth Capital reaffirmed a “buy” rating on shares of Vizsla Silver in a research report on Monday, September 8th. Zacks Research cut shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds have recently made changes to their positions in VZLA. D.A. Davidson & CO. increased its position in Vizsla Silver by 2.3% in the 3rd quarter. D.A. Davidson & CO. now owns 220,000 shares of the company’s stock valued at $950,000 after acquiring an additional 5,000 shares during the period. Bogart Wealth LLC purchased a new position in shares of Vizsla Silver in the 3rd quarter valued at approximately $26,000. Pale Fire Capital SE increased its holdings in shares of Vizsla Silver by 25.6% in the second quarter. Pale Fire Capital SE now owns 38,800 shares of the company’s stock valued at $114,000 after purchasing an additional 7,900 shares during the period. OneAscent Financial Services LLC raised its stake in shares of Vizsla Silver by 100.0% during the third quarter. OneAscent Financial Services LLC now owns 20,000 shares of the company’s stock worth $86,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Vizsla Silver during the second quarter worth $30,000. Institutional investors and hedge funds own 22.46% of the company’s stock.

Vizsla Silver Stock Performance

Shares of VZLA stock opened at $3.81 on Wednesday. The stock’s 50-day moving average is $4.12 and its two-hundred day moving average is $3.37. Vizsla Silver has a 1 year low of $1.67 and a 1 year high of $5.07. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -95.25 and a beta of 0.96.

Vizsla Silver Company Profile

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.