Vizsla Silver (TSE:VZLA) Sets New 12-Month High – What’s Next?

Vizsla Silver Corp (TSE:VZLA) hit a new 52-week high during trading on Thursday . The stock traded as high as C$7.55 and last traded at C$7.52, with a volume of 878832 shares traded. The stock had previously closed at C$7.28.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VZLA shares. National Bankshares set a C$7.75 price target on Vizsla Silver and gave the stock an “outperform” rating in a report on Tuesday, November 25th. CIBC increased their price target on shares of Vizsla Silver from C$9.75 to C$11.00 in a report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Vizsla Silver currently has a consensus rating of “Buy” and an average price target of C$9.38.

Vizsla Silver Price Performance

The firm has a market capitalization of C$2.55 billion, a price-to-earnings ratio of -123.50 and a beta of 1.49. The business has a 50 day moving average of C$6.28 and a 200 day moving average of C$5.24.

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.