Vizsla Silver (NYSE:VZLA) Reaches New 52-Week High – Still a Buy?

Vizsla Silver Corp. (NYSE:VZLA)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $2.22 and last traded at $2.18, with a volume of 678672 shares trading hands. The stock had previously closed at $2.08.

Analyst Ratings Changes

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

Vizsla Silver Price Performance

The business has a 50 day simple moving average of $1.96 and a 200 day simple moving average of $1.77. The company has a market capitalization of $603.24 million, a price-to-earnings ratio of -104.00 and a beta of 0.97.

Vizsla Silver (NYSE:VZLA) last posted its quarterly earnings data on Thursday, September 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). On average, equities research analysts predict that Vizsla Silver Corp. will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in Vizsla Silver during the 1st quarter worth about $46,000. DNB Asset Management AS purchased a new stake in shares of Vizsla Silver during the second quarter worth approximately $72,000. Corundum Trust Company INC purchased a new stake in shares of Vizsla Silver during the second quarter worth approximately $108,000. Oxbow Advisors LLC acquired a new stake in Vizsla Silver in the second quarter valued at approximately $110,000. Finally, HTLF Bank purchased a new position in Vizsla Silver in the third quarter worth approximately $132,000. Institutional investors and hedge funds 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.