Vizsla Silver (NYSEAMERICAN:VZLA) Stock Price Up 5.5% – Should You Buy?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s stock price rose 5.5% during trading on Tuesday . The stock traded as high as $5.21 and last traded at $5.2650. Approximately 1,176,378 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 3,574,853 shares. The stock had previously closed at $4.99.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VZLA shares. Zacks Research lowered shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Roth Capital increased their price objective on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $5.13.

Vizsla Silver Stock Performance

The business has a 50 day moving average price of $4.45 and a 200-day moving average price of $3.75. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -128.88 and a beta of 0.94.

Institutional Trading of Vizsla Silver

Several hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC bought a new position in Vizsla Silver during the third quarter worth $26,000. Baader Bank Aktiengesellschaft bought a new position in shares of Vizsla Silver during the 2nd quarter worth about $30,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Vizsla Silver in the 1st quarter valued at about $36,000. Hohimer Wealth Management LLC bought a new stake in Vizsla Silver in the 3rd quarter valued at about $47,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Vizsla Silver during the 3rd quarter worth approximately $50,000. Institutional investors 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.