Vizsla Silver Corp. has seen its target price raised from $6.00 to $7.00 by Roth Capital, according to a report released on Thursday. This adjustment comes as Roth Capital maintains a buy rating on the stock, highlighting the company’s potential in the precious metals market.
In contrast, Zacks Research downgraded Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note issued on August 22, 2023. Currently, one equities research analyst has assigned a Strong Buy rating to the stock, while four analysts recommend a Buy and one suggests holding. MarketBeat reports that the consensus rating for Vizsla Silver stands at “Buy,” with a consensus target price of $5.13.
Investment Activity and Institutional Interest
Recent trading activity indicates increased interest from institutional investors in Vizsla Silver. Bogart Wealth LLC purchased a new position in the company during the third quarter, investing approximately $26,000. Similarly, Baader Bank Aktiengesellschaft acquired a stake valued at $30,000 in the second quarter. Hohimer Wealth Management LLC and Wealth Enhancement Advisory Services LLC also established new positions during the third quarter, investing about $47,000 and $50,000, respectively. TD Waterhouse Canada Inc. further added to its holdings, acquiring a new position valued at approximately $55,000.
Overall, institutional investors and hedge funds collectively own 22.46% of Vizsla Silver’s shares, reflecting a growing confidence in the company’s future prospects.
Company Overview and Project Highlights
Vizsla Silver Corp. is actively engaged in the exploration and development of both precious and base metal assets. The company focuses on discovering gold, silver, and copper deposits. Its flagship asset, the Panuco Project, covers an area of 7,189.5 hectares located in southern Sinaloa, Mexico. This project is crucial to the company’s growth strategy and positions it well within the competitive landscape of the mining sector.
Previously known as Vizsla Resources Corp., the company continues to work on enhancing its resource base while navigating market fluctuations and investor sentiment. As the market evolves, the adjustments in ratings and target prices reflect ongoing assessments of Vizsla Silver’s potential and the broader economic environment impacting the mining industry.
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