Brokerages Set Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Target Price at $5.13

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) has received an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.1250.

A number of research firms have recently commented on VZLA. Zacks Research cut Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Roth Capital upped their price objective on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 13th.

Vizsla Silver Trading Up 4.1%

Shares of NYSEAMERICAN:VZLA opened at $4.62 on Friday. Vizsla Silver has a 12 month low of $1.67 and a 12 month high of $5.07. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -115.50 and a beta of 0.96. The firm’s 50-day moving average is $4.33 and its 200 day moving average is $3.61.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VZLA. Bogart Wealth LLC bought a new stake in Vizsla Silver during the 3rd quarter valued at about $26,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Vizsla Silver during the second quarter valued at approximately $30,000. Hohimer Wealth Management LLC purchased a new stake in shares of Vizsla Silver in the third quarter valued at approximately $47,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Vizsla Silver in the third quarter valued at approximately $50,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Vizsla Silver in the third quarter worth approximately $50,000. 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.