Vizsla Silver (NYSE:VZLA) Trading Down 5.7% – Should You Sell?

Vizsla Silver Corp. (NYSE:VZLA) shares dropped 5.7% on Monday . The stock traded as low as $1.83 and last traded at $1.85. Approximately 368,811 shares traded hands during trading, a decline of 63% from the average daily volume of 998,432 shares. The stock had previously closed at $1.96.

Analyst Upgrades and Downgrades

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

Vizsla Silver Price Performance

The firm has a market cap of $507.33 million, a price-to-earnings ratio of -98.00 and a beta of 0.95. The business’s 50-day moving average price is $2.02 and its two-hundred day moving average price is $1.86.

Vizsla Silver (NYSE:VZLA) last announced its earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). As a group, sell-side analysts forecast that Vizsla Silver Corp. will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds and other institutional investors have recently modified their holdings of VZLA. Accredited Investors Inc. bought a new position in Vizsla Silver during the third quarter worth about $30,000. Virtu Financial LLC bought a new stake in shares of Vizsla Silver in the first quarter valued at approximately $46,000. DNB Asset Management AS bought a new position in Vizsla Silver in the 2nd quarter valued at about $72,000. Corundum Trust Company INC bought a new stake in shares of Vizsla Silver during the 2nd quarter worth $108,000. Finally, Oxbow Advisors LLC bought a new stake in shares of Vizsla Silver during the second quarter worth $110,000. Institutional investors and hedge funds 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.