Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Receives $7.00 Consensus Target Price from Analysts

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $7.00.

A number of analysts have recently commented on VZLA shares. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday. Cantor Fitzgerald assumed coverage on Vizsla Silver in a research report on Monday, December 22nd. They issued a “buy” rating and a $7.00 target price on the stock. Finally, Roth Capital upped their price target on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th.

Vizsla Silver Trading Up 3.0%

VZLA opened at $6.16 on Monday. The stock has a market capitalization of $2.12 billion, a P/E ratio of -154.00 and a beta of 0.94. Vizsla Silver has a 12 month low of $1.69 and a 12 month high of $6.16. The firm’s fifty day simple moving average is $5.18 and its 200 day simple moving average is $4.24.

Hedge Funds Weigh In On Vizsla Silver

A number of large investors have recently modified their holdings of the business. Sprott Inc. raised its holdings in Vizsla Silver by 1.4% during the third quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock worth $98,691,000 after acquiring an additional 306,900 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Vizsla Silver by 9.3% during the 2nd quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock worth $45,146,000 after purchasing an additional 1,306,000 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Vizsla Silver by 72.8% during the 3rd quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after purchasing an additional 6,080,923 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Vizsla Silver by 41.7% in the third quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock valued at $58,698,000 after buying an additional 4,001,170 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vizsla Silver by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after buying an additional 3,139,086 shares during the last quarter. 22.46% of the stock is currently owned by institutional investors and hedge funds.

About Vizsla Silver

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.