Vizsla Silver (NYSE:VZLA) Trading Down 2.7% – Should You Sell?

Vizsla Silver Corp. (NYSE:VZLA) was down 2.7% during mid-day trading on Wednesday . The company traded as low as $2.34 and last traded at $2.34. Approximately 214,680 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 1,927,695 shares. The stock had previously closed at $2.40.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VZLA. BMO Capital Markets started coverage on shares of Vizsla Silver in a research report on Friday, January 24th. They issued an “outperform” rating on the stock. National Bank Financial started coverage on shares of Vizsla Silver in a research report on Thursday, December 19th. They set an “outperform” rating on the stock. Finally, Roth Mkm raised their price objective on Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a report on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vizsla Silver has a consensus rating of “Buy” and an average target price of $4.06.

Vizsla Silver Price Performance

The stock has a market capitalization of $676.42 million, a P/E ratio of -236.00 and a beta of 0.92. The company’s 50-day simple moving average is $2.10 and its 200-day simple moving average is $1.98.

Institutional Investors Weigh In On Vizsla Silver

A number of institutional investors and hedge funds have recently modified their holdings of VZLA. Heck Capital Advisors LLC bought a new position in Vizsla Silver during the fourth quarter worth about $36,000. Mackenzie Financial Corp boosted its stake in shares of Vizsla Silver by 23.3% during the 4th quarter. Mackenzie Financial Corp now owns 4,162,387 shares of the company’s stock worth $7,029,000 after acquiring an additional 787,908 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Vizsla Silver during the 4th quarter worth approximately $55,000. Two Sigma Investments LP acquired a new position in shares of Vizsla Silver during the 4th quarter worth approximately $731,000. Finally, Millennium Management LLC raised its stake in Vizsla Silver by 134.2% in the 4th quarter. Millennium Management LLC now owns 231,844 shares of the company’s stock valued at $396,000 after acquiring an additional 132,842 shares during the period. 22.46% of the stock is owned by institutional investors.

About Vizsla Silver

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.