Vizsla Silver (NYSEAMERICAN:VZLA) Stock Rating Lowered by Canadian Imperial Bank of Commerce

Vizsla Silver (NYSEAMERICAN:VZLA) was downgraded by Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently issued reports on VZLA. Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. Cantor Fitzgerald began coverage on Vizsla Silver in a report on Monday, December 22nd. They set a “buy” rating and a $7.00 target price for the company. National Bank Financial cut Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 10th. Finally, Roth Mkm boosted their price objective on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Vizsla Silver Stock Down 1.7%

Vizsla Silver stock traded down $0.07 during mid-day trading on Thursday, hitting $4.00. The company’s stock had a trading volume of 12,596,246 shares, compared to its average volume of 14,521,157. The stock has a market capitalization of $1.40 billion, a P/E ratio of -100.00 and a beta of 0.96. Vizsla Silver has a twelve month low of $1.69 and a twelve month high of $7.19. The stock’s fifty day moving average price is $5.05 and its two-hundred day moving average price is $4.61.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds have recently bought and sold shares of VZLA. Bogart Wealth LLC purchased a new position in Vizsla Silver during the third quarter valued at approximately $26,000. Hohimer Wealth Management LLC purchased a new stake in Vizsla Silver in the 3rd quarter worth approximately $47,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Vizsla Silver during the 3rd quarter valued at $50,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Vizsla Silver during the 3rd quarter valued at $50,000. Finally, Swiss Life Asset Management Ltd purchased a new position in shares of Vizsla Silver during the 3rd quarter valued at $53,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

Vizsla Silver Company Profile

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.