Vizsla Silver (NYSEAMERICAN:VZLA) Cut to “Hold” at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce cut shares of Vizsla Silver (NYSEAMERICAN:VZLA) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

Several other research analysts have also commented on the company. Raymond James Financial reissued an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. National Bank Financial lowered shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 10th. Cantor Fitzgerald started coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target for the company. Finally, Roth Mkm increased their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

Vizsla Silver Trading Down 1.7%

Vizsla Silver stock opened at $4.00 on Thursday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -100.00 and a beta of 0.96. The firm’s fifty day moving average price is $5.05 and its two-hundred day moving average price is $4.62. Vizsla Silver has a 1-year low of $1.69 and a 1-year high of $7.19.

Institutional Trading of Vizsla Silver

A number of hedge funds have recently bought and sold shares of the company. Waratah Capital Advisors Ltd. raised its stake in shares of Vizsla Silver by 26.0% during the third quarter. Waratah Capital Advisors Ltd. now owns 6,554,415 shares of the company’s stock worth $28,315,000 after acquiring an additional 1,353,578 shares in the last quarter. Trek Financial LLC purchased a new stake in shares of Vizsla Silver in the 3rd quarter valued at $3,755,000. Sprott Inc. boosted its stake in shares of Vizsla Silver by 1.4% in the 3rd quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock valued at $98,691,000 after purchasing an additional 306,900 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of Vizsla Silver during the 3rd quarter valued at $690,000. Finally, Alps Advisors Inc. raised its position in Vizsla Silver by 113.1% in the 3rd quarter. Alps Advisors Inc. now owns 3,390,528 shares of the company’s stock worth $14,647,000 after purchasing an additional 1,799,269 shares during the period. Institutional investors own 22.46% of the company’s stock.

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.