Vizsla Silver (NYSE:VZLA) Price Target Raised to $4.50 at CIBC

Vizsla Silver (NYSE:VZLA) had its price objective boosted by analysts at CIBC from $3.50 to $4.50 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperformer” rating on the stock. CIBC’s price objective would suggest a potential upside of 129.59% from the company’s previous close.

Other analysts also recently issued reports about the company. Canaccord Genuity Group boosted their target price on Vizsla Silver from $4.00 to $4.75 and gave the company a “speculative buy” rating in a report on Tuesday, April 23rd. HC Wainwright boosted their target price on Vizsla Silver from $3.50 to $3.75 and gave the company a “buy” rating in a report on Thursday.

Vizsla Silver Stock Performance

NYSE VZLA remained flat at $1.96 during trading on Monday. The company’s stock had a trading volume of 712,075 shares, compared to its average volume of 872,830. The firm has a market cap of $474.22 million, a PE ratio of -39.20 and a beta of 0.99. The stock has a 50-day simple moving average of $1.80 and a 200 day simple moving average of $1.50. Vizsla Silver has a 12 month low of $0.94 and a 12 month high of $2.21.

Vizsla Silver (NYSE:VZLA) last posted its earnings results on Thursday, July 18th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). As a group, research analysts anticipate that Vizsla Silver will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors have recently added to or reduced their stakes in the stock. Corundum Trust Company INC acquired a new position in Vizsla Silver in the 2nd quarter valued at about $108,000. DNB Asset Management AS acquired a new position in Vizsla Silver during the 2nd quarter worth approximately $72,000. Virtu Financial LLC acquired a new position in Vizsla Silver during the 1st quarter worth approximately $46,000. HTLF Bank acquired a new position in Vizsla Silver during the 1st quarter worth approximately $40,000. Finally, Equinox Partners Investment Management LLC acquired a new position in Vizsla Silver during the 1st quarter worth approximately $7,023,000. Institutional investors and hedge funds own 22.46% of the company’s stock.

Vizsla Silver Company Profile

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.