Vizsla Silver (TSE:VZLA) Posts Quarterly Earnings Results

Vizsla Silver (TSE:VZLA) announced its earnings results on Thursday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports.

Vizsla Silver Stock Performance

Shares of TSE VZLA traded up C$0.07 during trading hours on Friday, reaching C$4.68. 1,351,440 shares of the stock were exchanged, compared to its average volume of 2,201,648. The firm has a market capitalization of C$1.64 billion, a price-to-earnings ratio of -9.55 and a beta of 1.90. Vizsla Silver has a 52 week low of C$2.87 and a 52 week high of C$9.82. The stock’s fifty day simple moving average is C$4.87 and its 200 day simple moving average is C$6.16.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VZLA. National Bank Financial lowered Vizsla Silver from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$10.50 to C$6.40 in a research note on Wednesday, February 11th. Canadian Imperial Bank of Commerce lowered Vizsla Silver from an “outperform” rating to a “neutral” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$8.70.

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.