Vizsla Silver (NYSE:VZLA) Sees Large Volume Increase - Here's Why

Shares of Vizsla Silver Corp. (NYSE:VZLA) experienced a notable increase in trading volume on a recent Friday, with around 1,646,432 shares changing hands. This figure represents a slight drop of about 0% compared to the previous session’s volume of 1,654,118 shares. The stock was last seen trading at $2.31, having closed the prior day at $2.20.

Wall Street Analysts Forecast Growth

Recent analysis from several research firms indicates a positive outlook for Vizsla Silver. Roth MKM raised their price target for the shares from $3.00 to $3.25, rating the stock as a "buy" in a report dated January 10th. Additionally, BMO Capital Markets began coverage of Vizsla Silver on January 24th, awarding it an "outperform" rating. National Bank Financial also started coverage with an "outperform" rating on December 19th. Currently, five investment analysts recommend buying the stock, and according to MarketBeat.com, the average rating stands at "Buy" with a price target of $4.06.

Vizsla Silver Stock Performance

The company's stock has appreciated by approximately 2.0%. Vizsla Silver boasts a market capitalization of $625.79 million, with a P/E ratio of -224.60 and a beta of 0.90. The stock’s fifty-day moving average is $1.94, while the 200-day moving average is $1.95.

Institutional Trading Activity

In recent trading, several institutional investors and hedge funds have adjusted their positions in Vizsla Silver. Notably, Van ECK Associates Corp acquired a new stake worth $18,528,000 in the third quarter. Meanwhile, Jupiter Asset Management Ltd. invested $9,165,000 during the fourth quarter, and Sprott Inc. increased their stake by 17.4%, holding 22,805,466 shares valued at $38,670,000 after acquiring an additional 3,384,837 shares. Jane Street Group LLC also significantly expanded their shares by 2,412.1%, owning 1,208,989 shares now valued at $2,321,000 after buying 1,160,863 shares. Overall, institutional investors currently hold 22.46% of Vizsla Silver's stock.

Company Overview

Vizsla Silver Corp. is engaged in the exploration and development of precious and base metal assets, primarily focusing on the discovery of gold, silver, and copper. The company holds a 100% interest in the Panuco Project, which covers an expansive 7,189.5 hectares in southern Sinaloa, Mexico. Previously, the company was known as Vizsla Resources Corp.

Final Thoughts

Considering the strong trading volume, favorable analyst ratings, and institutional interest, investors may be contemplating whether to buy shares of Vizsla Silver. While there are positive indicators, potential investors should conduct thorough research before making any decisions.

Vizsla, Trading, Stock