Vizsla Silver (NYSE:VZLA) Sees Strong Trading Volume – Time to Buy?

Shares of Vizsla Silver Corp. (NYSE:VZLA) saw an uptick in trading volume on Monday . 1,397,989 shares traded hands during mid-day trading, a decline of 4% from the previous session’s volume of 1,460,424 shares.The stock last traded at $2.26 and had previously closed at $2.30.

Analysts Set New Price Targets

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

Vizsla Silver Stock Performance

The company has a market capitalization of $650.80 million, a P/E ratio of -226.50 and a beta of 0.92. The company’s fifty day simple moving average is $2.14 and its 200-day simple moving average is $2.00.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors have recently bought and sold shares of VZLA. Tidal Investments LLC bought a new stake in Vizsla Silver during the 3rd quarter valued at $38,000. Sanctuary Advisors LLC bought a new stake in Vizsla Silver during the third quarter valued at about $37,000. Heck Capital Advisors LLC purchased a new position in Vizsla Silver in the fourth quarter valued at about $36,000. Two Sigma Advisers LP bought a new position in Vizsla Silver in the fourth quarter worth about $55,000. Finally, Virtu Financial LLC bought a new position in shares of Vizsla Silver during the 3rd quarter worth approximately $81,000. 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.