Vizsla Silver (TSE:VZLA) Shares Up 2.7% – Still a Buy?

Vizsla Silver Corp (TSE:VZLA)’s stock price rose 2.7% on Wednesday . The company traded as high as C$5.77 and last traded at C$5.65. Approximately 1,164,736 shares changed hands during trading, a decline of 50% from the average daily volume of 2,345,672 shares. The stock had previously closed at C$5.50.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VZLA. Canadian Imperial Bank of Commerce upped their price target on shares of Vizsla Silver from C$9.75 to C$11.00 in a research note on Thursday, November 13th. National Bank Financial cut Vizsla Silver from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$10.50 to C$6.40 in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$8.70.

Vizsla Silver Price Performance

The company has a 50 day moving average of C$7.01 and a 200-day moving average of C$6.37. The company has a market cap of C$1.94 billion, a P/E ratio of -94.17 and a beta of 1.74.

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

About Vizsla Silver

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.