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

Vizsla Silver (NYSE:VZLA) had its target price upped by Canaccord Genuity Group from $4.00 to $4.75 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 251.85% from the stock’s current price.

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.25 target price on shares of Vizsla Silver in a report on Thursday, March 21st.

Vizsla Silver Stock Performance

Shares of Vizsla Silver stock traded up $0.01 on Tuesday, hitting $1.35. 318,503 shares of the company traded hands, compared to its average volume of 547,972. The business has a 50-day simple moving average of $1.28 and a 200 day simple moving average of $1.22. Vizsla Silver has a 52 week low of $0.94 and a 52 week high of $1.68. The stock has a market capitalization of $313.96 million, a P/E ratio of -27.00 and a beta of 0.84.

Vizsla Silver (NYSE:VZLA) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Research analysts expect that Vizsla Silver will post -0.05 earnings per share for the current year.

Institutional Trading of Vizsla Silver

A number of institutional investors and hedge funds have recently modified their holdings of the business. Equinox Partners Investment Management LLC acquired a new position in shares of Vizsla Silver in the first quarter worth about $7,023,000. Sprott Inc. boosted 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 buying an additional 897,430 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Vizsla Silver during the fourth quarter valued at $1,360,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Vizsla Silver by 21.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,874,097 shares of the company’s stock valued at $6,247,000 after acquiring an additional 864,639 shares during the period. Finally, New Harbor Financial Group LLC bought a new position in shares of Vizsla Silver in the third quarter valued at about $36,000. 22.46% of the stock is owned by institutional investors and hedge funds.

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.