Vizsla Silver (NYSE:VZLA) Sees Large Volume Increase – Here’s Why

Vizsla Silver Corp. (NYSE:VZLA) saw an uptick in trading volume on Friday . 1,646,432 shares were traded during mid-day trading, a decline of 0% from the previous session’s volume of 1,654,118 shares.The stock last traded at $2.31 and had previously closed at $2.20.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VZLA. National Bank Financial assumed coverage on Vizsla Silver in a research report on Thursday, December 19th. They issued an “outperform” rating for the company. Roth Mkm lifted their price objective on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, BMO Capital Markets assumed coverage on Vizsla Silver in a research note on Friday, January 24th. They set an “outperform” rating for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $4.06.

Vizsla Silver Stock Performance

The stock has a market capitalization of $625.79 million, a PE ratio of -224.60 and a beta of 0.90. The stock has a 50-day moving average price of $1.94 and a two-hundred day moving average price of $1.95.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VZLA. Van ECK Associates Corp purchased a new position in shares of Vizsla Silver during the 3rd quarter valued at about $18,528,000. Jupiter Asset Management Ltd. purchased a new position in shares of Vizsla Silver during the 4th quarter valued at about $9,165,000. Sprott Inc. lifted its position in shares of Vizsla Silver by 17.4% during the 4th quarter. Sprott Inc. now owns 22,805,466 shares of the company’s stock valued at $38,670,000 after buying an additional 3,384,837 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Vizsla Silver by 2,412.1% during the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after buying an additional 1,160,863 shares in the last quarter. Finally, Amundi purchased a new position in Vizsla Silver in the 4th quarter worth approximately $1,710,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

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.