Vizsla Silver (NYSEAMERICAN:VZLA) Lowered to “Hold” Rating by Natl Bk Canada

Vizsla Silver (NYSEAMERICAN:VZLA) was downgraded by equities researchers at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

VZLA has been the topic of a number of other research reports. Roth Mkm upped their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Raymond James Financial reaffirmed an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. National Bank Financial cut Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Finally, Cantor Fitzgerald began 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Vizsla Silver Price Performance

Shares of Vizsla Silver stock opened at $3.88 on Tuesday. Vizsla Silver has a 52-week low of $1.69 and a 52-week high of $7.19. The firm has a market capitalization of $1.36 billion, a PE ratio of -97.00 and a beta of 0.93. The company’s fifty day moving average price is $5.51 and its two-hundred day moving average price is $4.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bogart Wealth LLC acquired a new stake in Vizsla Silver during the 3rd quarter valued at $26,000. Hohimer Wealth Management LLC acquired a new position in Vizsla Silver in the third quarter worth $47,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Vizsla Silver during the third quarter worth $50,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Vizsla Silver in the third quarter valued at $50,000. Finally, Swiss Life Asset Management Ltd bought a new position in shares of Vizsla Silver in the third quarter valued at about $53,000. 22.46% of the stock is owned by institutional investors and hedge funds.

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.