Vizsla Silver (NYSE:VZLA) Shares Gap Up – Should You Buy?

Shares of Vizsla Silver Corp. (NYSE:VZLA) gapped up before the market opened on Monday . The stock had previously closed at $2.20, but opened at $2.29. Vizsla Silver shares last traded at $2.24, with a volume of 157,040 shares trading hands.

Analyst Ratings Changes

Several research firms have weighed in on VZLA. Roth Mkm upped their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a report on Friday, January 10th. National Bank Financial began coverage on shares of Vizsla Silver in a report on Thursday, December 19th. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets initiated coverage on shares of Vizsla Silver in a research report on Friday, January 24th. They issued an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $4.06.

Vizsla Silver Stock Performance

The stock’s fifty day simple moving average is $1.93 and its 200-day simple moving average is $1.94.

Hedge Funds Weigh In On Vizsla Silver

Hedge funds and other institutional investors have recently modified their holdings of the business. HTLF Bank purchased a new stake in shares of Vizsla Silver during the third quarter valued at approximately $132,000. Equinox Partners Investment Management LLC increased its position in shares of Vizsla Silver by 11.5% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock valued at $11,474,000 after purchasing an additional 619,600 shares during the last quarter. U S Global Investors Inc. increased its position in shares of Vizsla Silver by 17.7% during the 3rd quarter. U S Global Investors Inc. now owns 1,075,000 shares of the company’s stock valued at $2,058,000 after purchasing an additional 162,000 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Vizsla Silver during the 3rd quarter worth $18,528,000. Finally, Oxbow Advisors LLC boosted its holdings in shares of Vizsla Silver by 39.5% in the 3rd quarter. Oxbow Advisors LLC now owns 86,120 shares of the company’s stock worth $165,000 after buying an additional 24,390 shares during the last quarter. 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.