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

Vizsla Silver (NYSE:VZLA) had its target price upped by equities researchers at Canaccord Genuity Group from $4.00 to $4.75 in a report issued on Tuesday, Benzinga reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 257.14% from the company’s current price.

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.25 price target on shares of Vizsla Silver in a report on Thursday, March 21st.

Vizsla Silver Trading Down 1.5 %

Shares of NYSE VZLA opened at $1.33 on Tuesday. Vizsla Silver has a 12-month low of $0.94 and a 12-month high of $1.68. The company has a market cap of $309.30 million, a P/E ratio of -26.60 and a beta of 0.85. The stock has a fifty day moving average price of $1.28 and a 200 day moving average price of $1.22.

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

Institutional Trading of Vizsla Silver

Large investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vizsla Silver by 21.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,874,097 shares of the company’s stock valued at $6,247,000 after acquiring an additional 864,639 shares in the last quarter. New Harbor Financial Group LLC acquired a new stake in shares of Vizsla Silver during the third quarter valued at about $36,000. Equinox Partners Investment Management LLC acquired a new stake in shares of Vizsla Silver during the first quarter valued at about $7,023,000. Sprott Inc. lifted its position in shares of Vizsla Silver by 6.0% during the fourth quarter. Sprott Inc. now owns 15,950,585 shares of the company’s stock worth $20,207,000 after purchasing an additional 897,430 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of Vizsla Silver during the fourth quarter worth about $1,360,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

About Vizsla Silver

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.