Vizsla Silver (NYSE:VZLA) PT Raised to $4.75

Vizsla Silver (NYSE:VZLA) had its price objective lifted by research analysts at Canaccord Genuity Group from $4.00 to $4.75 in a report issued on Tuesday, Benzinga reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 257.14% from the company’s current price.

Separately, HC Wainwright restated a “buy” rating and issued a $3.25 price objective on shares of Vizsla Silver in a report on Thursday, March 21st.

Vizsla Silver Stock Performance

Shares of VZLA stock opened at $1.33 on Tuesday. The stock has a market capitalization of $309.30 million, a P/E ratio of -26.60 and a beta of 0.85. The company has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.22. Vizsla Silver has a fifty-two week low of $0.94 and a fifty-two week high of $1.68.

Vizsla Silver (NYSE:VZLA) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). On average, research analysts forecast that Vizsla Silver will post -0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New Harbor Financial Group LLC purchased a new stake in shares of Vizsla Silver during the 3rd quarter worth approximately $36,000. Mackenzie Financial Corp purchased a new stake in shares of Vizsla Silver during the 4th quarter worth approximately $1,360,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Vizsla Silver by 2.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,009,458 shares of the company’s stock worth $4,330,000 after buying an additional 78,941 shares during the last quarter. Equinox Partners Investment Management LLC purchased a new stake in shares of Vizsla Silver during the 1st quarter worth approximately $7,023,000. Finally, Sprott Inc. lifted its position in shares of Vizsla Silver by 6.0% during the 4th quarter. Sprott Inc. now owns 15,950,585 shares of the company’s stock worth $20,207,000 after buying an additional 897,430 shares during the last quarter. 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.