Vizsla Silver (NYSE:VZLA) Shares Gap Up – Here’s What Happened

Vizsla Silver Corp. (NYSE:VZLA) shares gapped up prior to trading on Monday . The stock had previously closed at $1.71, but opened at $1.78. Vizsla Silver shares last traded at $1.82, with a volume of 735,538 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VZLA. CIBC lifted their price target on Vizsla Silver from $3.50 to $4.50 and gave the company an “outperformer” rating in a research note on Monday, July 29th. HC Wainwright lifted their price target on shares of Vizsla Silver from $3.50 to $3.75 and gave the company a “buy” rating in a research report on Thursday, July 25th.

Vizsla Silver Price Performance

The company has a 50 day moving average price of $2.00 and a 200 day moving average price of $1.88.

Vizsla Silver (NYSE:VZLA) last announced its earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Analysts anticipate that Vizsla Silver Corp. will post -0.04 earnings per share for the current year.

Institutional Trading of Vizsla Silver

Institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp purchased a new position in shares of Vizsla Silver in the third quarter worth about $18,528,000. Jane Street Group LLC boosted its holdings in shares of 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 valued at $2,321,000 after buying an additional 1,160,863 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Vizsla Silver in the third quarter worth about $1,916,000. Raffles Associates LP grew its stake in shares of Vizsla Silver by 111.7% in the 3rd quarter. Raffles Associates LP now owns 1,694,010 shares of the company’s stock worth $3,252,000 after buying an additional 893,700 shares during the last quarter. Finally, Equinox Partners Investment Management LLC raised its position in shares of Vizsla Silver by 11.5% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock worth $11,474,000 after purchasing an additional 619,600 shares during the last quarter. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

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.