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

Vizsla Silver (NYSE:VZLA) had its price target lifted by Canaccord Genuity Group from $4.00 to $4.75 in a report released on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Separately, HC Wainwright restated a buy rating and set a $3.25 price objective on shares of Vizsla Silver in a research report on Thursday, March 21st.

Vizsla Silver Stock Performance

Shares of VZLA opened at $1.35 on Tuesday. Vizsla Silver has a 1 year low of $0.94 and a 1 year high of $1.68. The business has a 50-day moving average of $1.28 and a 200-day moving average of $1.22.

Vizsla Silver (NYSE:VZLA) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Sell-side analysts predict that Vizsla Silver will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Vizsla Silver

Hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in Vizsla Silver by 21.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,874,097 shares of the company’s stock worth $6,247,000 after purchasing an additional 864,639 shares in the last quarter. New Harbor Financial Group LLC acquired a new stake in Vizsla Silver in the third quarter valued at approximately $36,000. Equinox Partners Investment Management LLC acquired a new stake in Vizsla Silver in the first quarter valued at approximately $7,023,000. Sprott Inc. grew its stake in Vizsla Silver by 6.0% in the fourth quarter. Sprott Inc. now owns 15,950,585 shares of the company’s stock valued at $20,207,000 after acquiring an additional 897,430 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in Vizsla Silver in the fourth quarter valued at approximately $1,360,000. 22.46% of the stock is currently owned by institutional investors.

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.