Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – What’s Next?

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped up prior to trading on Friday . The stock had previously closed at $5.36, but opened at $5.60. Vizsla Silver shares last traded at $5.1950, with a volume of 1,301,957 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VZLA. Zacks Research lowered Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Roth Capital upped their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Vizsla Silver has a consensus rating of “Buy” and an average price target of $5.13.

Vizsla Silver Price Performance

The stock has a fifty day moving average of $4.52 and a 200 day moving average of $3.81. The firm has a market capitalization of $1.79 billion, a P/E ratio of -129.50 and a beta of 0.94.

Hedge Funds Weigh In On Vizsla Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in VZLA. Bogart Wealth LLC bought a new stake in Vizsla Silver in the third quarter worth about $26,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Vizsla Silver in the 2nd quarter worth approximately $30,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Vizsla Silver in the 1st quarter worth approximately $36,000. Hohimer Wealth Management LLC purchased a new position in Vizsla Silver in the third quarter valued at approximately $47,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Vizsla Silver during the 3rd quarter worth $50,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

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.