Vizsla Silver (TSE:VZLA) Hits New 12-Month High – Should You Buy?

Vizsla Silver Corp (TSE:VZLA) hit a new 52-week high on Thursday . The company traded as high as C$7.55 and last traded at C$7.52, with a volume of 878832 shares changing hands. The stock had previously closed at C$7.28.

Analysts Set New Price Targets

A number of equities analysts have commented on VZLA shares. CIBC lifted their price objective on shares of Vizsla Silver from C$9.75 to C$11.00 in a report on Thursday, November 13th. National Bankshares set a C$7.75 price target on shares of Vizsla Silver and gave the company an “outperform” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Vizsla Silver currently has a consensus rating of “Buy” and an average target price of C$9.38.

Vizsla Silver Stock Down 3.4%

The company has a market capitalization of C$2.46 billion, a P/E ratio of -119.33 and a beta of 1.49. The business has a 50 day simple moving average of C$6.32 and a 200-day simple moving average of C$5.27.

Vizsla Silver (TSE:VZLA) last released its quarterly earnings results on Thursday, December 11th. The company reported C($0.02) EPS 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.