Vizsla Silver Corp. (NYSEAMERICAN:VZLA) Receives $7.00 Average Price Target from Analysts

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) has earned an average rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $7.00.

A number of research analysts have weighed in on VZLA shares. Roth Capital raised their price objective on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Raymond James Financial reiterated an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday. Finally, Cantor Fitzgerald began coverage on shares of Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 price target on the stock.

Institutional Investors Weigh In On Vizsla Silver

A number of hedge funds have recently added to or reduced their stakes in VZLA. Bogart Wealth LLC purchased a new stake in shares of Vizsla Silver in the third quarter valued at about $26,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Vizsla Silver during the 2nd quarter worth approximately $30,000. Hohimer Wealth Management LLC purchased a new stake in Vizsla Silver in the 3rd quarter valued at approximately $47,000. Schonfeld Strategic Advisors LLC acquired a new stake in Vizsla Silver during the 3rd quarter valued at $50,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Vizsla Silver during the 3rd quarter valued at $50,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

Vizsla Silver Stock Performance

Shares of VZLA stock opened at $6.16 on Monday. Vizsla Silver has a fifty-two week low of $1.69 and a fifty-two week high of $6.16. The firm has a market capitalization of $2.12 billion, a PE ratio of -154.00 and a beta of 0.94. The stock’s 50-day simple moving average is $5.18 and its 200-day simple moving average is $4.23.

Vizsla Silver Company Profile

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.