Vizsla Silver (NYSE:VZLA) Shares Down 3%

Vizsla Silver Corp. (NYSE:VZLA)’s share price traded down 3% during mid-day trading on Wednesday . The company traded as low as $1.91 and last traded at $1.91. 406,263 shares traded hands during trading, a decline of 54% from the average session volume of 886,920 shares. The stock had previously closed at $1.97.

Analysts Set New Price Targets

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

Vizsla Silver Trading Down 5.4 %

The stock has a market cap of $438.21 million, a P/E ratio of -36.90 and a beta of 0.99. The stock’s 50-day moving average is $1.91 and its 200-day moving average is $1.61.

Vizsla Silver (NYSE:VZLA) last posted its quarterly earnings data on Thursday, July 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). On average, equities analysts forecast that Vizsla Silver Corp. will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VZLA. K2 Principal Fund L.P. acquired a new position in Vizsla Silver in the second quarter worth approximately $160,000. Marshall Wace LLP acquired a new position in shares of Vizsla Silver in the 2nd quarter worth $407,000. LGT Fund Management Co Ltd. acquired a new position in shares of Vizsla Silver in the 2nd quarter worth $531,000. Oxbow Advisors LLC purchased a new position in Vizsla Silver during the second quarter valued at approximately $110,000. Finally, Corundum Trust Company INC acquired a new position in Vizsla Silver in the 2nd quarter valued at approximately $108,000. 22.46% of the stock is 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.