Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – Here’s Why

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) shares gapped up prior to trading on Tuesday . The stock had previously closed at $6.16, but opened at $6.56. Vizsla Silver shares last traded at $6.3650, with a volume of 2,166,131 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Roth Capital lifted their price target on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Raymond James Financial reiterated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. Finally, Cantor Fitzgerald assumed coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Vizsla Silver has an average rating of “Buy” and a consensus price target of $7.00.

Vizsla Silver Stock Performance

The stock has a market capitalization of $2.26 billion, a PE ratio of -164.38 and a beta of 0.94. The company’s fifty day simple moving average is $5.22 and its two-hundred day simple moving average is $4.27.

Institutional Investors Weigh In On Vizsla Silver

A number of large investors have recently bought and sold shares of VZLA. K.J. Harrison & Partners Inc purchased a new position in shares of Vizsla Silver in the 2nd quarter worth about $2,460,000. Verde Servicos Internacionais S.A. purchased a new position in shares of Vizsla Silver in the 2nd quarter valued at $323,000. Fourth Sail Capital LP purchased a new stake in Vizsla Silver during the 2nd quarter worth $12,736,000. Triasima Portfolio Management inc. acquired a new stake in Vizsla Silver in the 2nd quarter valued at $1,546,000. Finally, XTX Topco Ltd purchased a new stake in shares of Vizsla Silver in the second quarter worth about $935,000. Institutional investors and hedge funds own 22.46% of the company’s stock.

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.