Vizsla Silver (NYSE:VZLA) Shares Down 3.3% – Here’s What Happened

Vizsla Silver Corp. (NYSE:VZLA) shares traded down 3.3% during mid-day trading on Wednesday . The company traded as low as $2.22 and last traded at $2.23. 209,468 shares changed hands during trading, a decline of 86% from the average session volume of 1,471,451 shares. The stock had previously closed at $2.30.

Analyst Upgrades and Downgrades

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

Vizsla Silver Price Performance

The stock’s 50-day moving average is $2.15 and its 200-day moving average is $2.00. The stock has a market cap of $653.68 million, a price-to-earnings ratio of -226.50 and a beta of 0.92.

Institutional Investors Weigh In On Vizsla Silver

Hedge funds and other institutional investors have recently made changes to their positions in the business. Heck Capital Advisors LLC acquired a new stake in Vizsla Silver in the 4th quarter worth about $36,000. Sanctuary Advisors LLC purchased a new position in shares of Vizsla Silver during the 3rd quarter worth about $37,000. Tidal Investments LLC acquired a new stake in shares of Vizsla Silver in the third quarter worth approximately $38,000. Two Sigma Advisers LP purchased a new stake in Vizsla Silver in the fourth quarter valued at approximately $55,000. Finally, Virtu Financial LLC acquired a new position in Vizsla Silver during the third quarter worth approximately $81,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

About Vizsla Silver

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.