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

Vizsla Silver (NYSE:VZLA) had its target price upped by Canaccord Genuity Group from $4.00 to $4.75 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a speculative buy rating on the stock.

Separately, HC Wainwright reissued a buy rating and issued a $3.25 price objective on shares of Vizsla Silver in a research note on Thursday, March 21st.

Vizsla Silver Stock Performance

VZLA opened at $1.40 on Tuesday. The stock has a market cap of $325.58 million, a price-to-earnings ratio of -27.80 and a beta of 0.85. The stock’s 50 day moving average price is $1.28 and its 200-day moving average price is $1.22. Vizsla Silver has a one year low of $0.94 and a one year high of $1.68.

Vizsla Silver (NYSE:VZLA) last released its earnings results on Wednesday, March 13th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). As a group, analysts predict that Vizsla Silver will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.