Vizsla Silver (NYSE:VZLA) Stock Price Down 2.7% – Here’s What Happened

Vizsla Silver Corp. (NYSE:VZLA) was down 2.7% on Wednesday . The stock traded as low as $2.34 and last traded at $2.34. Approximately 214,680 shares changed hands during trading, a decline of 89% from the average daily volume of 1,927,695 shares. The stock had previously closed at $2.40.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VZLA shares. National Bank Financial started coverage on Vizsla Silver in a report on Thursday, December 19th. They set an “outperform” rating for the company. BMO Capital Markets started coverage on Vizsla Silver in a report on Friday, January 24th. They set an “outperform” rating for the company. Finally, Roth Mkm increased their price target on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a report on Friday, January 10th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $4.06.

Vizsla Silver Stock Down 1.9 %

The business has a fifty day simple moving average of $2.08 and a 200 day simple moving average of $1.98. The company has a market cap of $674.98 million, a price-to-earnings ratio of -235.50 and a beta of 0.92.

Institutional Investors Weigh In On Vizsla Silver

Hedge funds and other institutional investors have recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new stake in Vizsla Silver in the fourth quarter valued at $36,000. Sanctuary Advisors LLC acquired a new position in shares of Vizsla Silver during the 3rd quarter worth $37,000. Tidal Investments LLC acquired a new position in shares of Vizsla Silver during the 3rd quarter worth $38,000. Two Sigma Advisers LP acquired a new position in shares of Vizsla Silver during the 4th quarter worth $55,000. Finally, Virtu Financial LLC acquired a new position in shares of Vizsla Silver during the 3rd quarter worth $81,000. Institutional investors and hedge funds 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.