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

Vizsla Silver (NYSE:VZLA) had its price objective lifted by Canaccord Genuity Group from $4.00 to $4.75 in a research report sent to investors on Tuesday morning, Benzinga reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

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

Vizsla Silver Stock Performance

Shares of NYSE VZLA opened at $1.40 on Tuesday. Vizsla Silver has a fifty-two week low of $0.94 and a fifty-two week high of $1.68. The firm has a market capitalization of $325.58 million, a PE ratio of -27.80 and a beta of 0.85. The stock’s 50-day simple moving average is $1.28 and its 200-day simple moving average is $1.22.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VZLA. New Harbor Financial Group LLC acquired a new position in Vizsla Silver during the third quarter worth approximately $36,000. HTLF Bank acquired a new position in Vizsla Silver during the first quarter worth approximately $40,000. Mackenzie Financial Corp acquired a new position in Vizsla Silver during the fourth quarter worth approximately $1,360,000. Mirae Asset Global Investments Co. Ltd. increased its position in Vizsla Silver by 2.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,009,458 shares of the company’s stock worth $4,330,000 after buying an additional 78,941 shares during the period. Finally, Equinox Partners Investment Management LLC acquired a new position in Vizsla Silver during the first quarter worth approximately $7,023,000. Institutional investors and hedge funds own 22.46% of the company’s stock.

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.