Brokerages Set Vizsla Silver Corp. (NYSE:VZLA) Target Price at $4.06

Shares of Vizsla Silver Corp. (NYSE:VZLA) have earned an average rating of “Buy” from the five analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $4.06.

Several equities analysts have issued reports on the stock. Roth Mkm increased their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a report on Friday, January 10th. National Bank Financial assumed coverage on shares of Vizsla Silver in a research note on Thursday, December 19th. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets assumed coverage on Vizsla Silver in a research note on Friday, January 24th. They set an “outperform” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VZLA. Heck Capital Advisors LLC purchased a new stake in shares of Vizsla Silver in the fourth quarter valued at approximately $36,000. Mackenzie Financial Corp boosted its stake in Vizsla Silver by 23.3% during the fourth quarter. Mackenzie Financial Corp now owns 4,162,387 shares of the company’s stock worth $7,029,000 after buying an additional 787,908 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Vizsla Silver in the 4th quarter valued at $55,000. Two Sigma Investments LP acquired a new stake in shares of Vizsla Silver in the 4th quarter worth $731,000. Finally, Millennium Management LLC increased its stake in shares of Vizsla Silver by 134.2% in the 4th quarter. Millennium Management LLC now owns 231,844 shares of the company’s stock worth $396,000 after acquiring an additional 132,842 shares during the last quarter. 22.46% of the stock is owned by hedge funds and other institutional investors.

Vizsla Silver Stock Performance

Vizsla Silver stock opened at $2.36 on Friday. The stock has a market capitalization of $676.42 million, a P/E ratio of -236.00 and a beta of 0.92. The company’s fifty day moving average price is $2.07 and its 200 day moving average price is $1.97. Vizsla Silver has a 1 year low of $1.18 and a 1 year high of $2.40.

Vizsla Silver Company Profile

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.