Vizsla Silver (NYSE:VZLA) Stock Price Down 6.3% – Should You Sell?

Vizsla Silver Corp. (NYSE:VZLA)’s stock price traded down 6.3% during mid-day trading on Tuesday . The stock traded as low as $3.39 and last traded at $3.39. 964,050 shares changed hands during trading, a decline of 46% from the average session volume of 1,790,503 shares. The stock had previously closed at $3.62.

Analyst Ratings Changes

Separately, Raymond James restated an “outperform” rating on shares of Vizsla Silver in a research report on Friday, April 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $3.83.

Vizsla Silver Stock Down 6.2%

The firm has a market capitalization of $1.01 billion, a P/E ratio of -342.30 and a beta of 0.94. The firm’s 50-day simple moving average is $2.41 and its 200-day simple moving average is $2.15.

Institutional Trading of Vizsla Silver

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its stake in Vizsla Silver by 1,165.0% in the first quarter. Millennium Management LLC now owns 2,932,731 shares of the company’s stock valued at $6,666,000 after acquiring an additional 2,700,887 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vizsla Silver by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,053,156 shares of the company’s stock worth $13,837,000 after purchasing an additional 638,184 shares during the last quarter. Amundi boosted its holdings in shares of Vizsla Silver by 125.0% in the 1st quarter. Amundi now owns 2,250,000 shares of the company’s stock worth $4,838,000 after purchasing an additional 1,250,000 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Vizsla Silver by 534.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 370,837 shares of the company’s stock valued at $846,000 after purchasing an additional 312,395 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Vizsla Silver during the 1st quarter valued at about $84,000. 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.