Canadian Imperial Bank of Commerce Downgrades Vizsla Silver (TSE:VZLA) to Neutral

Vizsla Silver (TSE:VZLA) was downgraded by Canadian Imperial Bank of Commerce from an “outperform” rating to a “neutral” rating in a report released on Friday,BayStreet.CA reports.

Separately, National Bank Financial lowered shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$10.50 to C$6.40 in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$8.70.

Vizsla Silver Stock Down 1.1%

VZLA traded down C$0.06 during midday trading on Friday, hitting C$5.52. 1,961,243 shares of the company traded hands, compared to its average volume of 2,320,922. The firm has a market capitalization of C$1.90 billion, a PE ratio of -92.00 and a beta of 1.51. The company’s 50-day moving average is C$6.97 and its 200 day moving average is C$6.37. Vizsla Silver has a 52 week low of C$2.40 and a 52 week high of C$9.82.

Vizsla Silver (TSE:VZLA) last released its quarterly earnings data 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.