Vizsla Silver (NYSEAMERICAN:VZLA) Downgraded by Canadian Imperial Bank of Commerce to Hold

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

Several other equities research analysts have also recently issued reports on the stock. Cantor Fitzgerald started coverage on shares of Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 price objective on the stock. 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. Raymond James Financial reaffirmed an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. Finally, Roth Mkm lifted their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vizsla Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

Vizsla Silver Trading Down 1.7%

VZLA traded down $0.07 on Thursday, hitting $4.00. 12,596,246 shares of the company’s stock traded hands, compared to its average volume of 14,521,157. The company’s 50 day simple moving average is $5.05 and its 200-day simple moving average is $4.61. Vizsla Silver has a one year low of $1.69 and a one year high of $7.19. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -100.00 and a beta of 0.96.

Institutional Inflows and Outflows

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