Vizsla Silver (TSE:VZLA) Reaches New 12-Month High – Here’s Why

Vizsla Silver Corp (TSE:VZLA) shares hit a new 52-week high during trading on Friday . The company traded as high as C$7.10 and last traded at C$7.12, with a volume of 1331831 shares. The stock had previously closed at C$6.64.

Analysts Set New Price Targets

VZLA has been the topic of several analyst reports. National Bankshares set a C$7.75 price objective on Vizsla Silver and gave the company an “outperform” rating in a research note on Tuesday, November 25th. CIBC upped their price target on 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, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$9.38.

Vizsla Silver Trading Up 7.7%

The stock has a fifty day moving average of C$6.08 and a two-hundred day moving average of C$5.04. The stock has a market capitalization of C$2.46 billion, a price-to-earnings ratio of -119.17 and a beta of 1.25.

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.