Vizsla Silver (NYSEAMERICAN:VZLA) Shares Down 9.8% – Should You Sell?

Shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) dropped 9.8% on Thursday . The company traded as low as $4.43 and last traded at $4.4550. Approximately 4,582,999 shares changed hands during trading, a decline of 54% from the average daily volume of 9,863,268 shares. The stock had previously closed at $4.94.

Wall Street Analyst Weigh In

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

Vizsla Silver Stock Performance

The stock has a market capitalization of $1.54 billion, a P/E ratio of -110.13 and a beta of 0.93. The business has a fifty day simple moving average of $5.59 and a 200-day simple moving average of $4.50.

Institutional Trading of Vizsla Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in Vizsla Silver in the third quarter valued at approximately $26,000. Hohimer Wealth Management LLC bought a new position in shares of Vizsla Silver in the 3rd quarter worth $47,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Vizsla Silver in the 3rd quarter valued at $50,000. Schonfeld Strategic Advisors LLC bought a new stake in Vizsla Silver during the 3rd quarter valued at $50,000. Finally, Swiss Life Asset Management Ltd acquired a new position in Vizsla Silver during the third quarter worth $53,000. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Company Profile

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.