Vizsla Silver (NYSE:VZLA) Price Target Increased to $4.75 by Analysts at Canaccord Genuity Group

Vizsla Silver (NYSE:VZLA) had its target price increased by investment analysts at Canaccord Genuity Group from $4.00 to $4.75 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 251.85% from the company’s previous close.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.25 price objective on shares of Vizsla Silver in a research report on Thursday, March 21st.

Vizsla Silver Stock Performance

Shares of Vizsla Silver stock traded up $0.01 during trading hours on Tuesday, reaching $1.35. The company’s stock had a trading volume of 318,503 shares, compared to its average volume of 547,972. The company’s 50 day simple moving average is $1.28 and its 200 day simple moving average is $1.22. Vizsla Silver has a one year low of $0.94 and a one year high of $1.68. The stock has a market cap of $313.96 million, a P/E ratio of -27.00 and a beta of 0.84.

Vizsla Silver (NYSE:VZLA) last released its earnings results on Wednesday, March 13th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). On average, sell-side analysts predict that Vizsla Silver will post -0.05 earnings per share for the current fiscal year.

Institutional Trading of Vizsla Silver

Hedge funds have recently modified their holdings of the company. New Harbor Financial Group LLC acquired a new stake in shares of Vizsla Silver in the third quarter valued at approximately $36,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Vizsla Silver by 2.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,009,458 shares of the company’s stock valued at $4,330,000 after acquiring an additional 78,941 shares during the period. Mackenzie Financial Corp acquired a new position in Vizsla Silver in the fourth quarter valued at about $1,360,000. Sprott Inc. raised its stake in Vizsla Silver by 6.0% during the fourth quarter. Sprott Inc. now owns 15,950,585 shares of the company’s stock worth $20,207,000 after acquiring an additional 897,430 shares in the last quarter. Finally, Equinox Partners Investment Management LLC acquired a new position in Vizsla Silver during the first quarter worth about $7,023,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

Vizsla Silver Company Profile

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.