Vizsla Silver (NYSEAMERICAN:VZLA) Reaches New 52-Week High – Here’s Why

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) reached a new 52-week high during trading on Monday . The company traded as high as $5.98 and last traded at $5.99, with a volume of 1586702 shares trading hands. The stock had previously closed at $5.65.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Roth Capital boosted their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Cantor Fitzgerald started 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $7.00.

Vizsla Silver Stock Up 4.0%

The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -146.88 and a beta of 0.94. The company’s fifty day moving average is $4.98 and its two-hundred day moving average is $4.14.

Institutional Investors Weigh In On Vizsla Silver

A number of hedge funds have recently modified their holdings of VZLA. Bogart Wealth LLC bought a new position in Vizsla Silver in the third quarter valued at approximately $26,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Vizsla Silver during the 2nd quarter worth approximately $30,000. Hohimer Wealth Management LLC acquired a new stake in shares of Vizsla Silver in the 3rd quarter valued at approximately $47,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Vizsla Silver in the third quarter valued at $50,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Vizsla Silver in the third quarter valued at $50,000. Institutional investors and hedge funds 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.