Vizsla Silver (NYSE:VZLA) Shares Gap Up – Time to Buy?

Vizsla Silver Corp. (NYSE:VZLA)’s share price gapped up before the market opened on Monday . The stock had previously closed at $1.71, but opened at $1.78. Vizsla Silver shares last traded at $1.82, with a volume of 735,538 shares.

Wall Street Analysts Forecast Growth

VZLA has been the subject of a number of research reports. CIBC boosted their target price on shares of Vizsla Silver from $3.50 to $4.50 and gave the company an “outperformer” rating in a research report on Monday, July 29th. HC Wainwright increased their price target on Vizsla Silver from $3.50 to $3.75 and gave the stock a “buy” rating in a research report on Thursday, July 25th.

Vizsla Silver Trading Up 4.1 %

The company’s fifty day simple moving average is $2.00 and its 200-day simple moving average is $1.87.

Vizsla Silver (NYSE:VZLA) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). As a group, equities research analysts predict that Vizsla Silver Corp. will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Vizsla Silver in the first quarter valued at about $46,000. DNB Asset Management AS purchased a new stake in shares of Vizsla Silver in the second quarter valued at approximately $72,000. Corundum Trust Company INC purchased a new stake in shares of Vizsla Silver in the second quarter valued at approximately $108,000. Oxbow Advisors LLC acquired a new stake in shares of Vizsla Silver in the second quarter valued at approximately $110,000. Finally, LGT Fund Management Co Ltd. purchased a new position in Vizsla Silver during the second quarter worth approximately $531,000. 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.