Vizsla Silver (TSE:VZLA) Shares Up 2.7% – Time to Buy?

Vizsla Silver Corp (TSE:VZLA) shot up 2.7% during mid-day trading on Wednesday . The company traded as high as C$5.77 and last traded at C$5.65. 1,164,736 shares were traded during trading, a decline of 50% from the average session volume of 2,345,672 shares. The stock had previously closed at C$5.50.

Wall Street Analyst Weigh In

VZLA has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce lifted their price target on Vizsla Silver from C$9.75 to C$11.00 in a research note on Thursday, November 13th. National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$10.50 to C$6.40 in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$8.70.

Vizsla Silver Stock Up 2.7%

The firm’s 50-day simple moving average is C$7.01 and its 200-day simple moving average is C$6.37. The firm has a market capitalization of C$1.94 billion, a PE ratio of -94.17 and a beta of 1.74.

Vizsla Silver (TSE:VZLA) last released its earnings results on Thursday, December 11th. The company reported C($0.02) earnings per share for the quarter.

About Vizsla Silver

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.