Brokerages Set Vizsla Silver Corp. (NYSEAMERICAN:VZLA) PT at $7.00

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

A number of research firms have weighed in on VZLA. National Bank Financial cut shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce cut shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th.

Vizsla Silver Stock Performance

NYSEAMERICAN:VZLA opened at $3.62 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.89 and a quick ratio of 65.89. The firm has a 50-day moving average of $3.38 and a two-hundred day moving average of $4.38. The stock has a market cap of $1.27 billion, a P/E ratio of -10.34 and a beta of 1.00. Vizsla Silver has a 1-year low of $2.77 and a 1-year high of $7.19.

Hedge Funds Weigh In On Vizsla Silver

Several large investors have recently modified their holdings of the stock. Waratah Capital Advisors Ltd. raised its stake 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 worth $28,315,000 after acquiring an additional 1,353,578 shares during the period. Trek Financial LLC acquired a new stake in Vizsla Silver during the third quarter worth about $3,755,000. Sprott Inc. raised its stake in Vizsla Silver by 1.4% during the third quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock worth $98,691,000 after acquiring an additional 306,900 shares during the period. Intact Investment Management Inc. acquired a new stake in Vizsla Silver during the third quarter worth about $690,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Vizsla Silver during the fourth quarter worth about $5,470,000. 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.