Vizsla Silver (TSE:VZLA) Reaches New 1-Year High - Should You Buy?

Key Points

• Vizsla Silver Corp's share price reached a new **52-week high** of C$7.02 and last traded at C$6.83, reflecting a **3.3% increase** in value.
• Analysts have raised their price targets for Vizsla Silver, with CIBC increasing its target from C$7.50 to **C$9.75**, while National Bankshares set a target of **C$6.00**.
• With a **market capitalization** of C$2.36 billion, Vizsla Silver is focused on the **Panuco silver-gold project** in Sinaloa, Mexico, which features enriched mineralization.

Vizsla Silver Corp (TSE:VZLA - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$7.02 and last traded at C$6.83, with a volume of 622555 shares traded. The stock had previously closed at C$6.65.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VZLA shares. National Bankshares upped their price objective on shares of Vizsla Silver from C$5.75 to C$6.00 and gave the stock an "outperform" rating in a research report on Friday, June 27th. CIBC upped their price objective on shares of Vizsla Silver from C$7.50 to C$9.75 in a research report on Friday, October 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Vizsla Silver currently has a consensus rating of "Buy" and a consensus price target of C$7.88.

Vizsla Silver Stock Up 3.3%

The business's 50-day simple moving average is C$5.34 and its 200 day simple moving average is C$4.32. The firm has a market capitalization of C$2.36 billion, a P/E ratio of -114.50 and a beta of 1.14.

Insider Activity

In other news, Director David Chevallier Cobbold bought 15,048 shares of the business's stock in a transaction dated Friday, July 18th. The shares were purchased at an average price of C$4.45 per share, for a total transaction of C$66,963.60.

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.

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