Vizsla Silver (TSE:VZLA) Sets New 52-Week High - Should You Buy?

Key Points

• Vizsla Silver Corp reached a new 52-week high of C$6.53 on Monday, with the stock closing at C$6.46 and a trading volume of 511,688 shares.
• Analysts have updated their price targets, with CIBC raising its target from C$7.00 to C$7.50, and the stock currently holds an average "Buy" rating with a target price of C$6.75.
• The company has a market capitalization of C$2.20 billion and operates the Panuco silver-gold project in Mexico, focusing on mineral exploration and development.

Vizsla Silver Corp (TSE:VZLA - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as C$6.53 and last traded at C$6.46, with a volume of 511688 shares changing hands. The stock had previously closed at C$6.19.

Analyst Ratings Changes

VZLA has been the topic of several research analyst reports. CIBC raised their price target on shares of Vizsla Silver from C$7.00 to C$7.50 in a research report on Thursday, September 25th. National Bankshares boosted their price target on shares of Vizsla Silver from C$5.75 to C$6.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$6.75.

Vizsla Silver Price Performance

The stock has a market capitalization of C$2.20 billion, a price-to-earnings ratio of -106.50 and a beta of 1.14. The stock has a 50-day moving average of C$5.07 and a 200 day moving average of C$4.19.

Insiders Place Their Bets

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