Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – Time to Sell?

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped down prior to trading on Wednesday . The stock had previously closed at $5.90, but opened at $5.58. Vizsla Silver shares last traded at $5.6560, with a volume of 952,843 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on VZLA. Cantor Fitzgerald initiated coverage on Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 price objective for the company. Roth Capital raised their price target on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vizsla Silver currently has a consensus rating of “Buy” and an average target price of $5.75.

Vizsla Silver Stock Down 4.0%

The stock’s fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $4.10. The firm has a market cap of $1.92 billion, a PE ratio of -139.75 and a beta of 0.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VZLA. JPMorgan Chase & Co. boosted its holdings in Vizsla Silver by 138.9% in the third quarter. JPMorgan Chase & Co. now owns 250,145 shares of the company’s stock worth $1,081,000 after acquiring an additional 145,434 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in shares of Vizsla Silver in the 3rd quarter worth about $53,000. Tidal Investments LLC raised its position in shares of Vizsla Silver by 72.8% in the 3rd quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after purchasing an additional 6,080,923 shares during the last quarter. Susquehanna Advisors Group Inc. boosted its stake in Vizsla Silver by 43.1% in the 3rd quarter. Susquehanna Advisors Group Inc. now owns 76,000 shares of the company’s stock worth $328,000 after purchasing an additional 22,900 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in Vizsla Silver in the 3rd quarter worth about $431,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

About Vizsla Silver

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.