Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – What’s Next?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.04, but opened at $5.42. Vizsla Silver shares last traded at $5.2150, with a volume of 1,460,169 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VZLA shares. Raymond James Financial reissued an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday, January 14th. Cantor Fitzgerald assumed coverage on shares of Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 target price for the company. Finally, Roth Mkm upped their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Price Performance

The firm has a market capitalization of $1.79 billion, a P/E ratio of -129.43 and a beta of 0.94. The firm has a 50-day moving average price of $5.57 and a two-hundred day moving average price of $4.48.

Hedge Funds Weigh In On Vizsla Silver

A number of hedge funds have recently added to or reduced their stakes in VZLA. Pictet Asset Management Holding SA increased its position in shares of Vizsla Silver by 18.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 58,466 shares of the company’s stock worth $321,000 after acquiring an additional 9,264 shares during the period. Mountain Capital Investment Advisors Inc. purchased a new position in Vizsla Silver during the 4th quarter worth $73,000. TD Waterhouse Canada Inc. increased its holdings in Vizsla Silver by 128.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 28,350 shares of the company’s stock worth $155,000 after purchasing an additional 15,950 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Vizsla Silver by 96.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,200 shares of the company’s stock valued at $561,000 after purchasing an additional 50,200 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new stake in shares of Vizsla Silver in the 4th quarter worth $118,000. 22.46% of the stock is currently owned by 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.