Vizsla Silver (NYSE:VZLA) Trading Down 5.5% – Here’s What Happened

Shares of Vizsla Silver Corp. (NYSE:VZLA) traded down 5.5% on Wednesday . The company traded as low as $2.22 and last traded at $2.23. 472,618 shares traded hands during trading, a decline of 52% from the average session volume of 982,345 shares. The stock had previously closed at $2.36.

Wall Street Analysts Forecast Growth

VZLA has been the subject of a number of research analyst reports. HC Wainwright raised their target price on Vizsla Silver from $3.50 to $3.75 and gave the company a “buy” rating in a research note on Thursday, July 25th. CIBC boosted their target price on shares of Vizsla Silver from $3.50 to $4.50 and gave the company an “outperformer” rating in a report on Monday, July 29th.

Vizsla Silver Stock Performance

The stock has a 50-day moving average of $1.99 and a two-hundred day moving average of $1.80. The company has a market cap of $527.28 million, a P/E ratio of -44.80 and a beta of 0.97.

Vizsla Silver (NYSE:VZLA) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Research analysts predict that Vizsla Silver Corp. will post -0.04 EPS for the current year.

Institutional Trading of Vizsla Silver

A number of institutional investors have recently made changes to their positions in VZLA. Equinox Partners Investment Management LLC bought a new stake in shares of Vizsla Silver during the 1st quarter valued at about $7,023,000. Virtu Financial LLC bought a new stake in shares of Vizsla Silver during the 1st quarter valued at $46,000. DNB Asset Management AS purchased a new stake in shares of Vizsla Silver in the 2nd quarter worth $72,000. Corundum Trust Company INC purchased a new position in Vizsla Silver during the second quarter valued at $108,000. Finally, Oxbow Advisors LLC purchased a new stake in Vizsla Silver in the second quarter worth about $110,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

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.