Vizsla Silver (NYSE:VZLA) Stock Price Expected to Rise, Roth Mkm Analyst Says

Vizsla Silver (NYSE:VZLA) had its price objective lifted by investment analysts at Roth Mkm from $3.00 to $3.25 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s target price suggests a potential upside of 60.89% from the company’s current price.

Separately, National Bank Financial initiated coverage on Vizsla Silver in a report on Thursday, December 19th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vizsla Silver currently has an average rating of “Buy” and an average target price of $4.06.

Vizsla Silver Trading Up 1.0 %

VZLA stock opened at $2.02 on Friday. The firm has a 50-day moving average of $1.83 and a two-hundred day moving average of $1.91. The company has a market cap of $563.08 million, a price-to-earnings ratio of -202.00 and a beta of 0.86. Vizsla Silver has a 12 month low of $1.07 and a 12 month high of $2.39.

Hedge Funds Weigh In On Vizsla Silver

Several hedge funds and other institutional investors have recently made changes to their positions in VZLA. Jane Street Group LLC increased its position in shares of Vizsla Silver by 2,412.1% during the third 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 last quarter. Equinox Partners Investment Management LLC raised its position in shares of Vizsla Silver by 11.5% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock valued at $11,474,000 after purchasing an additional 619,600 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Vizsla Silver during the 3rd quarter valued at approximately $1,916,000. Van ECK Associates Corp bought a new stake in shares of Vizsla Silver in the third quarter worth $18,528,000. Finally, Sanctuary Advisors LLC acquired a new stake in Vizsla Silver in the third quarter valued at $37,000. Institutional investors and hedge funds 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.