Vizsla Silver (TSE:VZLA) Sets New 12-Month High – Time to Buy?

Shares of Vizsla Silver Corp (TSE:VZLA) reached a new 52-week high on Monday . The company traded as high as C$6.18 and last traded at C$6.16, with a volume of 352128 shares. The stock had previously closed at C$5.90.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VZLA. National Bankshares upped their price target on Vizsla Silver from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, June 27th. CIBC upped their target price on shares of Vizsla Silver from C$7.00 to C$7.50 in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Vizsla Silver has a consensus rating of “Buy” and an average target price of C$6.75.

Vizsla Silver Trading Up 4.2%

The firm has a market capitalization of C$2.12 billion, a P/E ratio of -102.50 and a beta of 0.93. The business has a 50 day moving average of C$4.87 and a 200-day moving average of C$4.07.

Insider Activity at Vizsla Silver

In related news, Director David Chevallier Cobbold acquired 15,048 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The shares were acquired at an average cost of C$4.45 per share, with a total value of C$66,963.60.

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.