Vizsla Silver (NYSE:VZLA) Trading Down 3%

Vizsla Silver Corp. (NYSE:VZLA) traded down 3% during trading on Wednesday . The company traded as low as $1.91 and last traded at $1.91. 406,263 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 886,920 shares. The stock had previously closed at $1.97.

Analyst Upgrades and Downgrades

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

Vizsla Silver Price Performance

The business has a fifty day moving average of $1.91 and a 200 day moving average of $1.61. The stock has a market capitalization of $465.58 million, a price-to-earnings ratio of -38.20 and a beta of 0.99.

Vizsla Silver (NYSE:VZLA) last issued its quarterly earnings data on Thursday, July 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). On average, equities research analysts expect that Vizsla Silver Corp. will post -0.04 EPS for the current year.

Institutional Trading of Vizsla Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VZLA. Sprott Inc. raised its holdings in shares of Vizsla Silver by 6.0% in the 4th quarter. Sprott Inc. now owns 15,950,585 shares of the company’s stock valued at $20,207,000 after buying an additional 897,430 shares during the period. Equinox Partners Investment Management LLC purchased a new stake in shares of Vizsla Silver during the first quarter worth $7,023,000. HTLF Bank acquired a new stake in shares of Vizsla Silver in the first quarter valued at $40,000. Virtu Financial LLC purchased a new position in shares of Vizsla Silver in the 1st quarter valued at about $46,000. Finally, DNB Asset Management AS purchased a new stake in shares of Vizsla Silver during the second quarter worth approximately $72,000. 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.