Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – What’s Next?

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped down before the market opened on Monday . The stock had previously closed at $4.60, but opened at $4.18. Vizsla Silver shares last traded at $4.0150, with a volume of 6,817,495 shares traded.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. Cantor Fitzgerald assumed coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They set a “buy” rating and a $7.00 price objective for the company. Finally, Roth Mkm increased their target price on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Price Performance

The business has a fifty day simple moving average of $5.57 and a 200 day simple moving average of $4.52. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -101.25 and a beta of 0.94.

Institutional Investors Weigh In On Vizsla Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Themes Management Co LLC purchased a new position in shares of Vizsla Silver in the 4th quarter worth about $251,000. Mizuho Markets Americas LLC bought a new stake in shares of Vizsla Silver in the 4th quarter worth about $10,097,000. Auxano Advisors LLC bought a new stake in shares of Vizsla Silver in the 4th quarter valued at approximately $629,000. Ground Swell Capital LLC bought a new stake in shares of Vizsla Silver during the 4th quarter valued at about $85,000. Finally, Trek Financial LLC raised its position in shares of Vizsla Silver by 66.0% during the 4th quarter. Trek Financial LLC now owns 1,443,076 shares of the company’s stock worth $7,894,000 after purchasing an additional 573,826 shares during the period. 22.46% of the stock is currently owned by institutional investors and hedge funds.

Vizsla Silver Company Profile

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.