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

Vizsla Silver (NYSE:VZLA) had its price objective hoisted by CIBC from $3.50 to $4.50 in a report issued on Monday, Benzinga reports. CIBC currently has an outperformer rating on the stock.

Other analysts also recently issued reports about the company. Canaccord Genuity Group upped their target price on Vizsla Silver from $4.00 to $4.75 and gave the company a speculative buy rating in a research report on Tuesday, April 23rd. HC Wainwright increased their price objective on shares of Vizsla Silver from $3.50 to $3.75 and gave the stock a buy rating in a research note on Thursday, July 25th.

Vizsla Silver Trading Up 8.7 %

VZLA stock opened at $2.12 on Monday. The business’s 50 day simple moving average is $1.81 and its 200 day simple moving average is $1.51. Vizsla Silver has a 1-year low of $0.94 and a 1-year high of $2.21. The firm has a market capitalization of $503.53 million, a PE ratio of -42.40 and a beta of 0.99.

Vizsla Silver (NYSE:VZLA) last issued its quarterly earnings data on Thursday, July 18th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). As a group, sell-side analysts predict that Vizsla Silver will post -0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Vizsla Silver

A number of hedge funds have recently bought and sold shares of VZLA. HTLF Bank bought a new stake in shares of Vizsla Silver in the 1st quarter valued at $40,000. Virtu Financial LLC acquired a new stake in Vizsla Silver in the first quarter worth $46,000. DNB Asset Management AS bought a new stake in Vizsla Silver in the second quarter valued at $72,000. Corundum Trust Company INC acquired a new position in shares of Vizsla Silver during the second quarter valued at about $108,000. Finally, Mackenzie Financial Corp bought a new position in shares of Vizsla Silver during the 4th quarter worth about $1,360,000. Institutional investors 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.