Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – Here’s What Happened

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) gapped down prior to trading on Thursday . The stock had previously closed at $3.36, but opened at $3.07. Vizsla Silver shares last traded at $3.1250, with a volume of 5,659,024 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. National Bank Financial cut shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce lowered Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Raymond James Financial reissued an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. Finally, Cantor Fitzgerald started coverage on Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Vizsla Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Vizsla Silver Trading Down 5.2%

The company has a debt-to-equity ratio of 0.66, a quick ratio of 65.89 and a current ratio of 65.89. The company has a market capitalization of $1.11 billion, a P/E ratio of -9.13 and a beta of 0.96. The company’s fifty day simple moving average is $4.75 and its 200-day simple moving average is $4.63.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its holdings in Vizsla Silver by 19,402.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 18,527 shares of the company’s stock worth $101,000 after buying an additional 18,432 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Vizsla Silver in the 4th quarter valued at $647,000. XTX Topco Ltd bought a new position in shares of Vizsla Silver in the 4th quarter worth $337,000. Voloridge Investment Management LLC purchased a new stake in shares of Vizsla Silver during the 4th quarter worth $694,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Vizsla Silver during the 4th quarter worth $379,000. 22.46% of the stock is owned by hedge funds and other 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.