Vizsla Silver (TSE:VZLA) Cut to “Neutral” at Canadian Imperial Bank of Commerce

Vizsla Silver (TSE:VZLA) was downgraded by research analysts at Canadian Imperial Bank of Commerce from an “outperform” rating to a “neutral” rating in a report issued on Friday,BayStreet.CA reports.

Separately, National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$10.50 to C$6.40 in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$8.70.

Vizsla Silver Stock Performance

Shares of VZLA traded down C$0.06 during mid-day trading on Friday, hitting C$5.52. 1,961,243 shares of the stock were exchanged, compared to its average volume of 2,320,922. The company has a market cap of C$1.90 billion, a PE ratio of -92.00 and a beta of 1.51. The firm has a 50-day moving average of C$6.97 and a two-hundred day moving average of C$6.37. Vizsla Silver has a 52-week low of C$2.40 and a 52-week high of C$9.82.

Vizsla Silver (TSE:VZLA) last issued its quarterly earnings data on Thursday, December 11th. The company reported C($0.02) 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.