Vizsla Silver (NYSEAMERICAN:VZLA) Shares Gap Down – Should You Sell?

Vizsla Silver Corp. (NYSEAMERICAN:VZLA)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.86, but opened at $6.00. Vizsla Silver shares last traded at $5.68, with a volume of 11,959,211 shares changing hands.

Wall Street Analyst Weigh In

VZLA has been the topic of a number of analyst reports. Roth Mkm lifted their price objective on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Cantor Fitzgerald initiated coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They set a “buy” rating and a $7.00 target price on the stock. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Vizsla Silver has an average rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Stock Performance

The company has a market capitalization of $1.76 billion, a P/E ratio of -127.00 and a beta of 0.94. The business’s fifty day simple moving average is $5.55 and its 200-day simple moving average is $4.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its position in Vizsla Silver by 1,165.0% during the first quarter. Millennium Management LLC now owns 2,932,731 shares of the company’s stock valued at $6,666,000 after purchasing an additional 2,700,887 shares during the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of Vizsla Silver during the 2nd quarter valued at about $1,546,000. Verde Servicos Internacionais S.A. bought a new position in shares of Vizsla Silver in the 2nd quarter valued at about $323,000. TD Asset Management Inc grew its position in Vizsla Silver by 9.5% in the second quarter. TD Asset Management Inc now owns 334,031 shares of the company’s stock worth $984,000 after acquiring an additional 29,099 shares in the last quarter. Finally, Privium Fund Management B.V. increased its stake in Vizsla Silver by 30.3% during the second quarter. Privium Fund Management B.V. now owns 250,790 shares of the company’s stock worth $732,000 after acquiring an additional 58,303 shares during the last quarter. 22.46% of the stock is owned by hedge funds and other institutional investors.

Vizsla Silver Company Profile

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.