Vizsla Silver (NYSE:VZLA) Sees Large Volume Increase – Should You Buy?

Vizsla Silver Corp. (NYSE:VZLA) shares saw an uptick in trading volume on Monday . 1,397,989 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 1,460,424 shares.The stock last traded at $2.26 and had previously closed at $2.30.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. National Bank Financial started coverage on shares of Vizsla Silver in a report on Thursday, December 19th. They set an “outperform” rating for the company. Roth Mkm boosted 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, BMO Capital Markets initiated coverage on Vizsla Silver in a report on Friday, January 24th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $4.06.

Vizsla Silver Price Performance

The business has a fifty day moving average price of $2.15 and a 200 day moving average price of $2.00. The company has a market capitalization of $663.78 million, a price-to-earnings ratio of -230.00 and a beta of 0.92.

Hedge Funds Weigh In On Vizsla Silver

A number of hedge funds have recently modified their holdings of VZLA. Jupiter Asset Management Ltd. acquired a new position in shares of Vizsla Silver in the fourth quarter worth about $9,165,000. Sprott Inc. grew its position in Vizsla Silver by 17.4% during the 4th quarter. Sprott Inc. now owns 22,805,466 shares of the company’s stock worth $38,670,000 after purchasing an additional 3,384,837 shares in the last quarter. Van ECK Associates Corp raised its stake in Vizsla Silver by 17.7% during the 4th quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company’s stock valued at $19,185,000 after purchasing an additional 1,706,330 shares during the period. Jane Street Group LLC boosted its position in Vizsla Silver by 2,412.1% during the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock worth $2,321,000 after acquiring an additional 1,160,863 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in Vizsla Silver during the 3rd quarter valued at about $1,916,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

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.