Vizsla Silver (TSE:VZLA) Sets New 12-Month High – Time to Buy?

Shares of Vizsla Silver Corp (TSE:VZLA) reached a new 52-week high on Monday . The company traded as high as C$8.06 and last traded at C$7.96, with a volume of 496741 shares traded. The stock had previously closed at C$7.60.

Wall Street Analysts Forecast Growth

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

Vizsla Silver Stock Up 3.4%

The company has a market cap of C$2.70 billion, a PE ratio of -131.00 and a beta of 1.70. The firm has a 50 day simple moving average of C$6.69 and a 200-day simple moving average of C$5.60.

Vizsla Silver (TSE:VZLA) last issued its quarterly earnings results on Thursday, December 11th. The company reported C($0.02) earnings per share (EPS) for the quarter.

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.