Vizsla Silver (TSE:VZLA) Stock Price Expected to Rise, CIBC Analyst Says

Key Points

• CIBC has raised its price target for Vizsla Silver from C$7.50 to C$9.75, indicating a potential upside of 53.79% from the current stock price.
• National Bankshares has also increased its target for the stock from C$5.75 to C$6.00, maintaining an "outperform" rating.
• In recent trading, Vizsla Silver shares increased by C$0.07, closing at C$6.34, with a market capitalization of C$2.18 billion.

Vizsla Silver (TSE:VZLA - Get Free Report) had its price target increased by stock analysts at CIBC from C$7.50 to C$9.75 in a note issued to investors on Friday,BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 53.79% from the stock's current price.

Separately, National Bankshares increased their price target on Vizsla Silver from C$5.75 to C$6.00 and gave the stock an "outperform" rating in a report on Friday, June 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Vizsla Silver has a consensus rating of "Buy" and an average price target of C$7.88.

Vizsla Silver Price Performance

Shares of Vizsla Silver stock traded up C$0.07 during trading hours on Friday, hitting C$6.34. The company's stock had a trading volume of 408,908 shares, compared to its average volume of 689,560. Vizsla Silver has a 12 month low of C$2.33 and a 12 month high of C$6.81. The stock has a 50 day moving average of C$5.20 and a 200 day moving average of C$4.24. The company has a market capitalization of C$2.18 billion, a PE ratio of -105.67 and a beta of 1.14.

Insider Buying and Selling

In related news, Director David Chevallier Cobbold purchased 15,048 shares of Vizsla Silver stock in a transaction that occurred on Friday, July 18th. The stock was purchased at an average cost 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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