Vizsla Silver (NYSE:VZLA) Shares Up 4.7%

Vizsla Silver Corp. (NYSE:VZLA)’s share price shot up 4.7% during trading on Tuesday . The stock traded as high as $2.02 and last traded at $2.01. 183,539 shares were traded during mid-day trading, a decline of 80% from the average session volume of 934,862 shares. The stock had previously closed at $1.92.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VZLA. HC Wainwright increased their target price on Vizsla Silver from $3.50 to $3.75 and gave the company a “buy” rating in a research report on Thursday, July 25th. CIBC increased their target price on Vizsla Silver from $3.50 to $4.50 and gave the company an “outperformer” rating in a research report on Monday, July 29th.

Vizsla Silver Trading Up 3.1 %

The business has a 50-day moving average price of $1.94 and a 200-day moving average price of $1.71. The stock has a market cap of $530.58 million, a PE ratio of -38.40 and a beta of 0.99.

Vizsla Silver (NYSE:VZLA) last announced its quarterly earnings data on Thursday, September 12th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Equities analysts expect that Vizsla Silver Corp. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VZLA. Equinox Partners Investment Management LLC purchased a new position in Vizsla Silver in the 1st quarter valued at $7,023,000. Sprott Inc. increased its stake in shares of Vizsla Silver by 6.0% in the 4th quarter. Sprott Inc. now owns 15,950,585 shares of the company’s stock worth $20,207,000 after acquiring an additional 897,430 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new stake in shares of Vizsla Silver in the 2nd quarter worth $531,000. Marshall Wace LLP acquired a new stake in shares of Vizsla Silver in the 2nd quarter worth $407,000. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Vizsla Silver in the 2nd quarter worth $160,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

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.