Vizsla Silver (NYSE:VZLA) Trading Down 4.1% – Here’s What Happened

Vizsla Silver Corp. (NYSE:VZLA) shares traded down 4.1% on Thursday . The stock traded as low as $2.00 and last traded at $2.01. 474,613 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 1,751,013 shares. The stock had previously closed at $2.09.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VZLA. Roth Mkm increased their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, January 10th. BMO Capital Markets initiated coverage on Vizsla Silver in a report on Friday. They set an “outperform” rating for the company. Finally, National Bank Financial began coverage on Vizsla Silver in a report on Thursday, December 19th. They issued an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $4.06.

Vizsla Silver Stock Up 1.5 %

The firm has a 50 day moving average price of $1.85 and a 200 day moving average price of $1.93. The stock has a market capitalization of $565.86 million, a PE ratio of -203.00 and a beta of 0.86.

Institutional Investors Weigh In On Vizsla Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp bought a new stake in shares of Vizsla Silver during the 3rd quarter worth $18,528,000. Jane Street Group LLC increased its holdings in Vizsla Silver by 2,412.1% during the third quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock worth $2,321,000 after buying an additional 1,160,863 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Vizsla Silver in the third quarter worth about $1,916,000. Raffles Associates LP boosted its stake in Vizsla Silver by 111.7% in the third quarter. Raffles Associates LP now owns 1,694,010 shares of the company’s stock valued at $3,252,000 after acquiring an additional 893,700 shares during the last quarter. Finally, Equinox Partners Investment Management LLC grew its position in shares of Vizsla Silver by 11.5% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock valued at $11,474,000 after acquiring an additional 619,600 shares during the period. 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.