Vizsla Silver (NYSE:VZLA) Shares Gap Up – Still a Buy?

Vizsla Silver Corp. (NYSE:VZLA) gapped up before the market opened on Tuesday . The stock had previously closed at $2.32, but opened at $2.38. Vizsla Silver shares last traded at $2.42, with a volume of 303,214 shares traded.

Wall Street Analyst Weigh In

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

Vizsla Silver Stock Performance

The company has a market capitalization of $680.72 million, a price-to-earnings ratio of -237.50 and a beta of 0.92. The business’s 50 day moving average is $2.11 and its 200 day moving average is $1.99.

Institutional Investors Weigh In On Vizsla Silver

Large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in Vizsla Silver during the 4th quarter worth about $36,000. Sanctuary Advisors LLC acquired a new stake in Vizsla Silver during the 3rd quarter worth about $37,000. Tidal Investments LLC purchased a new position in shares of Vizsla Silver during the 3rd quarter valued at about $38,000. Two Sigma Advisers LP acquired a new position in shares of Vizsla Silver in the 4th quarter valued at about $55,000. Finally, Virtu Financial LLC purchased a new stake in shares of Vizsla Silver in the third quarter worth about $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.