Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Receives $7.00 Consensus PT from Analysts

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $7.00.

Several research firms have issued reports on VZLA. Cantor Fitzgerald initiated coverage on Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target on the stock. National Bank Financial lowered Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 10th. Raymond James Financial reaffirmed an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday, January 14th. Roth Mkm upped their target price on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Canadian Imperial Bank of Commerce cut Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in VZLA. Millennium Management LLC raised its stake in Vizsla Silver by 1,165.0% during the 1st 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 period. Bastion Asset Management Inc. acquired a new stake in shares of Vizsla Silver in the second quarter worth $1,982,000. Fourth Sail Capital LP purchased a new position in shares of Vizsla Silver during the second quarter valued at $12,736,000. Waratah Capital Advisors Ltd. acquired a new position in Vizsla Silver during the second quarter valued at $15,290,000. Finally, Forge First Asset Management Inc. acquired a new position in Vizsla Silver during the second quarter valued at $9,675,000. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

Vizsla Silver Price Performance

NYSEAMERICAN VZLA opened at $3.99 on Friday. Vizsla Silver has a 12 month low of $1.69 and a 12 month high of $7.19. The company has a market capitalization of $1.39 billion, a P/E ratio of -99.75 and a beta of 0.96. The company’s 50 day simple moving average is $5.02 and its 200 day simple moving average is $4.63.

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.