Analysts Set Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Price Target at $7.00

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $7.00.

Several equities research analysts recently issued reports on VZLA shares. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. Natl Bk Canada downgraded Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Cantor Fitzgerald assumed coverage on Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 price objective for the company. National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Finally, Roth Mkm raised their target price on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th.

Vizsla Silver Stock Performance

Shares of NYSEAMERICAN VZLA opened at $3.63 on Tuesday. The firm’s 50 day moving average price is $5.49 and its 200-day moving average price is $4.52. Vizsla Silver has a 52-week low of $1.69 and a 52-week high of $7.19. The company has a market cap of $1.27 billion, a PE ratio of -90.75 and a beta of 0.93.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in Vizsla Silver in the 3rd quarter worth approximately $26,000. Integrity Alliance LLC. bought a new stake in shares of Vizsla Silver during the fourth quarter valued at approximately $56,000. Hohimer Wealth Management LLC purchased a new position in shares of Vizsla Silver in the third quarter worth $47,000. StoneX Group Inc. purchased a new position in shares of Vizsla Silver in the fourth quarter worth $60,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Vizsla Silver during the third quarter worth $50,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

About Vizsla Silver

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.