Vizsla Silver (TSE:VZLA) Hits New 52-Week High – Still a Buy?

Vizsla Silver Corp (TSE:VZLA) reached a new 52-week high during trading on Monday . The company traded as high as C$8.84 and last traded at C$8.62, with a volume of 373614 shares trading hands. The stock had previously closed at C$8.54.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. National Bankshares set a C$7.75 price objective on shares of Vizsla Silver and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. CIBC upped their price objective on shares of Vizsla Silver from C$9.75 to C$11.00 in a research report on Thursday, November 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Vizsla Silver presently has a consensus rating of “Buy” and an average target price of C$9.38.

Vizsla Silver Price Performance

The stock has a market capitalization of C$2.98 billion, a price-to-earnings ratio of -144.33 and a beta of 1.70. The company has a 50-day simple moving average of C$7.19 and a two-hundred day simple moving average of C$5.88.

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

Vizsla Silver Company Profile

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.