Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Up – Here’s What Happened
by Sarita Garza · The Markets DailyShares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $6.16, but opened at $6.56. Vizsla Silver shares last traded at $6.3650, with a volume of 2,166,131 shares changing hands.
Analyst Ratings Changes
Several equities analysts have commented on VZLA shares. Raymond James Financial reiterated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. Roth Mkm raised 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. Finally, Cantor Fitzgerald started coverage on shares of Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $7.00.
Get Our Latest Stock Analysis on VZLA
Vizsla Silver Stock Up 5.0%
The stock has a fifty day moving average of $5.33 and a 200-day moving average of $4.32. The firm has a market capitalization of $2.21 billion, a P/E ratio of -159.00 and a beta of 0.94.
Institutional Trading of Vizsla Silver
A number of institutional investors have recently made changes to their positions in VZLA. Bogart Wealth LLC acquired a new position in Vizsla Silver during the third quarter worth $26,000. Hohimer Wealth Management LLC bought a new stake in Vizsla Silver during the 3rd quarter worth about $47,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Vizsla Silver during the 3rd quarter worth about $50,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Vizsla Silver in the 3rd quarter valued at about $50,000. Finally, Swiss Life Asset Management Ltd acquired a new stake in shares of Vizsla Silver in the third quarter valued at about $53,000. Institutional investors own 22.46% of the company’s stock.
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.