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

Vizsla Silver (NYSE:VZLA - Get Free Report) had its price target hoisted by equities researchers at Canaccord Genuity Group from $4.00 to $4.75 in a research note issued on Tuesday, Benzinga reports. The firm currently has a "speculative buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 251.85% from the company's current price.

Separately, HC Wainwright reiterated 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 Trading Up 0.7 %

VZLA stock traded up $0.01 during trading on Tuesday, hitting $1.35. 495,160 shares of the company's stock were exchanged, compared to its average volume of 550,454. The business has a 50-day moving average price of $1.28 and a two-hundred day moving average price of $1.22. The stock has a market capitalization of $313.96 million, a price-to-earnings ratio of -27.00 and a beta of 0.84. Vizsla Silver has a 52-week low of $0.94 and a 52-week high of $1.68.

Vizsla Silver (NYSE:VZLA - Get Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). On average, equities research analysts anticipate that Vizsla Silver will post -0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vizsla Silver

Large investors have recently modified their holdings of the stock. New Harbor Financial Group LLC acquired a new position in Vizsla Silver during the third quarter worth $36,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Vizsla Silver by 2.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,009,458 shares of the company's stock worth $4,330,000 after acquiring an additional 78,941 shares during the period. Mackenzie Financial Corp acquired a new position in Vizsla Silver during the fourth quarter worth $1,360,000. Sprott Inc. grew its holdings in Vizsla Silver by 6.0% during the fourth quarter. Sprott Inc. now owns 15,950,585 shares of the company's stock worth $20,207,000 after acquiring an additional 897,430 shares during the period. Finally, Equinox Partners Investment Management LLC acquired a new position in Vizsla Silver during the first quarter worth $7,023,000. Hedge funds and other 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.