Vizsla Silver (NYSE:VZLA) PT Raised to $3.50 at HC Wainwright

Vizsla Silver (NYSE:VZLA) had its target price hoisted by analysts at HC Wainwright from $3.25 to $3.50 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 112.77% from the company’s previous close.

Separately, Canaccord Genuity Group increased their price target on Vizsla Silver from $4.00 to $4.75 and gave the company a “speculative buy” rating in a research note on Tuesday, April 23rd.

Vizsla Silver Stock Performance

VZLA opened at $1.65 on Tuesday. The company has a fifty day moving average of $1.56 and a 200 day moving average of $1.37. Vizsla Silver has a fifty-two week low of $0.94 and a fifty-two week high of $1.92. The stock has a market capitalization of $386.74 million, a price-to-earnings ratio of -32.90 and a beta of 1.00.

Institutional Investors Weigh In On Vizsla Silver

Several institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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 valued at $6,247,000 after acquiring an additional 864,639 shares during the period. Mackenzie Financial Corp bought a new stake in Vizsla Silver in the fourth quarter worth about $1,360,000. Sprott Inc. boosted its position in shares of Vizsla Silver by 6.0% during the fourth quarter. Sprott Inc. now owns 15,950,585 shares of the company’s stock valued at $20,207,000 after buying an additional 897,430 shares during the period. Equinox Partners Investment Management LLC bought a new position in Vizsla Silver in the 1st quarter valued at $7,023,000. Finally, HTLF Bank purchased a new stake in shares of Vizsla Silver during the first quarter valued at $40,000. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Company Profile

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.