Vizsla Silver (TSE:VZLA) Shares Up 3.1% - Here's Why

Key Points

• Vizsla Silver shares rose 3.1% mid-day to C$4.36 (intraday high C$4.51) on roughly 2.15 million shares traded, about 8% below its average daily volume; the stock had closed at C$4.23 the prior session.
• Analysts have recently downgraded the stock—National Bank Financial cut to "sector perform" and lowered its target to C$6.40, while CIBC moved to "neutral"—leaving a consensus Hold rating and an average price target of C$8.70.
• Fundamentals show a market cap of C$1.52 billion, a negative P/E of -8.90 and quarterly EPS of C($0.44), with the share price trading below its 50‑day (C$5.97) and 200‑day (C$6.35) moving averages; Vizsla is a junior explorer advancing the Panuco silver‑gold project in Sinaloa, Mexico.

Vizsla Silver Corp (TSE:VZLA - Get Free Report)'s stock price rose 3.1% during mid-day trading on Friday . The company traded as high as C$4.51 and last traded at C$4.36. Approximately 2,147,498 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 2,326,020 shares. The stock had previously closed at C$4.23.

Analyst Ratings Changes

VZLA has been the subject of several research analyst reports. National Bank Financial downgraded shares of Vizsla Silver from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from C$10.50 to C$6.40 in a research report on Wednesday, February 11th. Canadian Imperial Bank of Commerce downgraded Vizsla Silver from an "outperform" rating to a "neutral" rating in a report on Friday, March 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Vizsla Silver has an average rating of "Hold" and a consensus price target of C$8.70.

Vizsla Silver Price Performance

The stock has a market cap of C$1.52 billion, a P/E ratio of -8.90 and a beta of 1.51. The business's fifty day moving average price is C$5.97 and its 200 day moving average price is C$6.35.

Vizsla Silver (TSE:VZLA - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported C($0.44) earnings per share (EPS) for the quarter.

About Vizsla Silver

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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