Canaccord Genuity Group Raises Vizsla Silver (NYSE:VZLA) Price Target to $4.75

Vizsla Silver (NYSE:VZLA) had its target price raised by Canaccord Genuity Group from $4.00 to $4.75 in a report published on Tuesday morning, Benzinga reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Separately, HC Wainwright restated a buy rating and issued a $3.25 target price on shares of Vizsla Silver in a research note on Thursday, March 21st.

Vizsla Silver Trading Up 1.9 %

Shares of Vizsla Silver stock opened at $1.36 on Tuesday. The business has a 50-day moving average price of $1.28 and a two-hundred day moving average price of $1.22. Vizsla Silver has a 1-year low of $0.94 and a 1-year high of $1.68. The company has a market cap of $315.12 million, a P/E ratio of -26.70 and a beta of 0.85.

Vizsla Silver (NYSE:VZLA) last issued its earnings results on Wednesday, March 13th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Equities research analysts forecast that Vizsla Silver will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Vizsla Silver

Institutional investors have recently bought and sold shares of the stock. HTLF Bank bought a new stake in Vizsla Silver during the first quarter worth $40,000. New Harbor Financial Group LLC bought a new stake in Vizsla Silver during the third quarter worth $36,000. Mackenzie Financial Corp bought a new stake in Vizsla Silver during the fourth quarter worth $1,360,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Vizsla Silver by 2.0% during the third 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 in the last quarter. Finally, Equinox Partners Investment Management LLC bought a new stake in Vizsla Silver during the first quarter worth $7,023,000. Institutional investors own 22.46% of the company’s stock.

About Vizsla Silver

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.