Vizsla Silver (NYSE:VZLA) Shares Down 3%

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VZLA shares. HC Wainwright raised their price target 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. CIBC raised their target price on shares of Vizsla Silver from $3.50 to $4.50 and gave the stock an “outperformer” rating in a research report on Monday, July 29th.

Vizsla Silver Price Performance

The company has a 50-day moving average of $1.91 and a two-hundred day moving average of $1.61. The stock has a market capitalization of $438.21 million, a PE ratio of -36.90 and a beta of 0.99.

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

Institutional Investors Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HTLF Bank purchased a new position in shares of Vizsla Silver in the 1st quarter valued at $40,000. Virtu Financial LLC purchased a new stake in Vizsla Silver during the 1st quarter worth approximately $46,000. DNB Asset Management AS acquired a new stake in Vizsla Silver in the second quarter valued at $72,000. Corundum Trust Company INC acquired a new position in Vizsla Silver during the 2nd quarter worth $108,000. Finally, Oxbow Advisors LLC bought a new stake in shares of Vizsla Silver in the 2nd quarter worth about $110,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

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.