Vizsla Silver Corp. (NYSE:VZLA) Receives $4.06 Average Price Target from Brokerages

Shares of Vizsla Silver Corp. (NYSE:VZLA) have earned a consensus rating of “Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.06.

A number of brokerages have commented on VZLA. Roth Mkm lifted their price target on Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Friday, January 10th. National Bank Financial started coverage on Vizsla Silver in a report on Thursday, December 19th. They set an “outperform” rating on the stock. Finally, BMO Capital Markets began coverage on shares of Vizsla Silver in a report on Friday, January 24th. They issued an “outperform” rating for the company.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. U S Global Investors Inc. lifted its position in shares of Vizsla Silver by 17.7% in the third quarter. U S Global Investors Inc. now owns 1,075,000 shares of the company’s stock valued at $2,058,000 after acquiring an additional 162,000 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of Vizsla Silver in the third quarter worth about $18,528,000. Oxbow Advisors LLC raised its holdings in shares of Vizsla Silver by 39.5% during the 3rd quarter. Oxbow Advisors LLC now owns 86,120 shares of the company’s stock worth $165,000 after acquiring an additional 24,390 shares in the last quarter. Privium Fund Management B.V. purchased a new position in shares of Vizsla Silver in the third quarter valued at $224,000. Finally, Accredited Investors Inc. purchased a new position in shares of Vizsla Silver in the 3rd quarter worth $30,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

Vizsla Silver Stock Performance

VZLA stock opened at $2.20 on Tuesday. The company has a market capitalization of $630.56 million, a PE ratio of -220.00 and a beta of 0.90. The company’s 50 day moving average price is $1.98 and its two-hundred day moving average price is $1.95. Vizsla Silver has a one year low of $1.07 and a one year high of $2.39.

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.