Vizsla Silver (NYSE:VZLA) Sees Large Volume Increase – Time to Buy?

Vizsla Silver Corp. (NYSE:VZLA) saw an uptick in trading volume on Monday . 1,397,989 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 1,460,424 shares.The stock last traded at $2.26 and had previously closed at $2.30.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VZLA shares. Roth Mkm upped their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, January 10th. National Bank Financial initiated coverage on shares of Vizsla Silver in a research report on Thursday, December 19th. They issued an “outperform” rating for the company. Finally, BMO Capital Markets assumed coverage on Vizsla Silver in a report on Friday, January 24th. They issued an “outperform” rating for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, Vizsla Silver has a consensus rating of “Buy” and an average target price of $4.06.

Vizsla Silver Trading Up 1.3 %

The business has a 50 day moving average of $2.15 and a 200-day moving average of $2.00. The stock has a market cap of $663.78 million, a PE ratio of -230.00 and a beta of 0.92.

Institutional Trading of Vizsla Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VZLA. Heck Capital Advisors LLC acquired a new stake in shares of Vizsla Silver during the 4th quarter worth about $36,000. Sanctuary Advisors LLC purchased a new stake in Vizsla Silver in the 3rd quarter worth approximately $37,000. Tidal Investments LLC purchased a new position in shares of Vizsla Silver during the 3rd quarter worth $38,000. Two Sigma Advisers LP acquired a new position in Vizsla Silver in the fourth quarter valued at $55,000. Finally, Virtu Financial LLC purchased a new stake in Vizsla Silver in the 3rd quarter valued at about $81,000. 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.