Vizsla Silver (NYSEAMERICAN:VZLA) Stock Price Up 5.7% – Time to Buy?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s stock price shot up 5.7% during trading on Friday . The stock traded as high as $3.24 and last traded at $3.2350. 2,770,114 shares were traded during trading, a decline of 75% from the average session volume of 11,149,743 shares. The stock had previously closed at $3.06.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VZLA shares. National Bank Financial lowered Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 10th. Cantor Fitzgerald began coverage on shares of Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 target price for the company. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. Finally, Canadian Imperial Bank of Commerce cut shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Vizsla Silver Trading Up 2.9%

The firm has a fifty day moving average of $4.37 and a 200-day moving average of $4.61. The company has a debt-to-equity ratio of 0.66, a quick ratio of 65.89 and a current ratio of 65.89. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -9.00 and a beta of 0.96.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds have recently modified their holdings of VZLA. Waratah Capital Advisors Ltd. boosted its stake in shares of Vizsla Silver by 26.0% in the third quarter. Waratah Capital Advisors Ltd. now owns 6,554,415 shares of the company’s stock valued at $28,315,000 after purchasing an additional 1,353,578 shares during the period. Trek Financial LLC purchased a new stake in Vizsla Silver during the 3rd quarter worth $3,755,000. Sprott Inc. increased its stake in Vizsla Silver by 1.4% during the 3rd quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock worth $98,691,000 after buying an additional 306,900 shares during the period. Intact Investment Management Inc. acquired a new position in Vizsla Silver in the 3rd quarter worth $690,000. Finally, Alps Advisors Inc. lifted its holdings in Vizsla Silver by 113.1% in the 3rd quarter. Alps Advisors Inc. now owns 3,390,528 shares of the company’s stock worth $14,647,000 after buying an additional 1,799,269 shares in the last quarter. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

About Vizsla Silver

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.