Brokerages Set Vizsla Silver Corp. (NYSE:VZLA) PT at $4.06

Shares of Vizsla Silver Corp. (NYSE:VZLA) have received a consensus recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.06.

Several equities research analysts have commented on VZLA shares. BMO Capital Markets started coverage on Vizsla Silver in a research report on Friday, January 24th. They issued an “outperform” rating on the stock. National Bank Financial assumed coverage on shares of Vizsla Silver in a report on Thursday, December 19th. They set an “outperform” rating on the stock. Roth Mkm lifted their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Raymond James reissued an “outperform” rating on shares of Vizsla Silver in a research note on Friday, April 4th.

Vizsla Silver Stock Up 6.5 %

Shares of VZLA opened at $2.12 on Wednesday. The company has a market capitalization of $622.87 million, a price-to-earnings ratio of -212.00 and a beta of 0.75. Vizsla Silver has a 52 week low of $1.27 and a 52 week high of $2.47. The stock’s 50-day moving average price is $2.13 and its 200-day moving average price is $2.00.

Hedge Funds Weigh In On Vizsla Silver

A number of large investors have recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. acquired a new stake in shares of Vizsla Silver in the fourth quarter valued at about $9,165,000. Sprott Inc. lifted its stake in Vizsla Silver by 17.4% in the 4th quarter. Sprott Inc. now owns 22,805,466 shares of the company’s stock valued at $38,670,000 after buying an additional 3,384,837 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Vizsla Silver by 17.7% in the 4th quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company’s stock worth $19,185,000 after buying an additional 1,706,330 shares during the last quarter. Jane Street Group LLC increased its stake in Vizsla Silver by 2,412.1% during the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock worth $2,321,000 after buying an additional 1,160,863 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Vizsla Silver during the third quarter valued at approximately $1,916,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

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.