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

Vizsla Silver Corp. (NYSE:VZLA)’s stock price gapped up prior to trading 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.

Analyst Ratings Changes

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

Vizsla Silver Stock Down 2.7 %

The company’s fifty day moving average is $1.93 and its 200 day moving average is $1.94.

Hedge Funds Weigh In On Vizsla Silver

A number of large investors have recently made changes to their positions in VZLA. Accredited Investors Inc. bought a new stake in Vizsla Silver during the 3rd quarter worth approximately $30,000. Tidal Investments LLC purchased a new position in shares of Vizsla Silver during the 3rd quarter valued at $38,000. Sanctuary Advisors LLC bought a new position in shares of Vizsla Silver in the third quarter worth $37,000. Heck Capital Advisors LLC bought a new position in shares of Vizsla Silver in the fourth quarter worth $36,000. Finally, Virtu Financial LLC purchased a new stake in shares of Vizsla Silver in the third quarter worth $81,000. 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.