Vizsla Silver (NYSE:VZLA) Shares Down 3.3% – Here’s What Happened

Shares of Vizsla Silver Corp. (NYSE:VZLA) traded down 3.3% on Wednesday . The stock traded as low as $2.22 and last traded at $2.23. 209,468 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,471,451 shares. The stock had previously closed at $2.30.

Analysts Set New Price Targets

VZLA has been the subject of several analyst reports. BMO Capital Markets began coverage on Vizsla Silver in a research note on Friday, January 24th. They set an “outperform” rating for the company. 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. Finally, National Bank Financial initiated coverage on shares of Vizsla Silver in a report on Thursday, December 19th. They issued an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $4.06.

Vizsla Silver Stock Performance

The company has a market capitalization of $653.68 million, a PE ratio of -226.50 and a beta of 0.92. The firm’s 50-day simple moving average is $2.15 and its 200 day simple moving average is $2.00.

Institutional Trading of Vizsla Silver

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of Vizsla Silver by 2,412.1% during the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after acquiring an additional 1,160,863 shares during the period. Amundi acquired a new position in Vizsla Silver during the fourth quarter worth $1,710,000. The Manufacturers Life Insurance Company acquired a new position in Vizsla Silver during the third quarter worth $1,916,000. Van ECK Associates Corp grew its holdings in Vizsla Silver by 17.7% in the fourth quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company’s stock valued at $19,185,000 after purchasing an additional 1,706,330 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Vizsla Silver in the third quarter valued at $37,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

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.