Vizsla Silver (TSE:VZLA) Downgraded by Canadian Imperial Bank of Commerce to Neutral

Canadian Imperial Bank of Commerce cut shares of Vizsla Silver (TSE:VZLA) from an outperform rating to a neutral rating in a research note published on Friday morning,BayStreet.CA reports.

Separately, National Bank Financial downgraded shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$10.50 to C$6.40 in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$8.70.

Vizsla Silver Price Performance

Shares of TSE:VZLA traded down C$0.13 during trading on Friday, reaching C$5.45. 2,531,204 shares of the stock were exchanged, compared to its average volume of 2,334,169. The firm has a market cap of C$1.88 billion, a price-to-earnings ratio of -90.83 and a beta of 1.51. The stock has a fifty day moving average of C$6.92 and a two-hundred day moving average of C$6.37. Vizsla Silver has a 1-year low of C$2.40 and a 1-year high of C$9.82.

Vizsla Silver (TSE:VZLA) last released its quarterly earnings data on Thursday, December 11th. The company reported C($0.02) earnings per share for the quarter.

Vizsla Silver Company Profile

Vizsla Silver Corp is a junior mineral exploration and development company focused on advancing its Panuco silver-gold project located in Sinaloa, Mexico. The property contains quartz-carbonate veins with workings defining both steeply plunging and sub-horizontal ore shoots. Mineralization occurs as silver sulphides including argentite and acanthite, native gold, electrum and native silver associated with pyrite, minor galena, sphalerite and rare chalcopyrite.