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

Shares of Vizsla Silver Corp (TSE:VZLA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$8.06 and last traded at C$7.96, with a volume of 496741 shares traded. The stock had previously closed at C$7.60.

Wall Street Analysts Forecast Growth

VZLA has been the topic of a number of research analyst reports. CIBC raised their price target on Vizsla Silver from C$9.75 to C$11.00 in a report on Thursday, November 13th. National Bankshares set a C$7.75 target price on shares of Vizsla Silver and gave the company an “outperform” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Vizsla Silver has a consensus rating of “Buy” and a consensus price target of C$9.38.

Vizsla Silver Price Performance

The company has a fifty day moving average price of C$6.78 and a two-hundred day moving average price of C$5.65. The firm has a market cap of C$2.77 billion, a price-to-earnings ratio of -134.33 and a beta of 1.70.

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

Vizsla Silver Company Profile

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.