Vizsla Silver Corp. (NYSE:VZLA) Expected to Post FY2024 Earnings of ($0.06) Per Share

Vizsla Silver Corp. (NYSE:VZLA) – Equities research analysts at Roth Capital lowered their FY2024 earnings estimates for shares of Vizsla Silver in a report released on Thursday, April 11th. Roth Capital analyst M. Niehuser now forecasts that the company will post earnings of ($0.06) per share for the year, down from their prior estimate of ($0.05). The consensus estimate for Vizsla Silver’s current full-year earnings is ($0.05) per share. Roth Capital also issued estimates for Vizsla Silver’s Q4 2024 earnings at ($0.01) EPS.

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.25 price target on shares of Vizsla Silver in a research note on Thursday, March 21st.

Vizsla Silver Price Performance

Shares of Vizsla Silver stock opened at $1.39 on Monday. The stock has a market cap of $321.17 million, a price-to-earnings ratio of -27.70 and a beta of 0.84. The firm’s 50-day moving average is $1.27 and its 200 day moving average is $1.21. Vizsla Silver has a 1 year low of $0.94 and a 1 year high of $1.68.

Vizsla Silver (NYSE:VZLA) last announced its earnings results on Wednesday, March 13th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01).

Hedge Funds Weigh In On Vizsla Silver

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in Vizsla Silver in the 1st quarter worth about $25,000. Pathstone Holdings LLC purchased a new position in Vizsla Silver in the 4th quarter worth about $27,000. New Harbor Financial Group LLC purchased a new position in Vizsla Silver in the 3rd quarter worth about $36,000. Citadel Advisors LLC raised its position in Vizsla Silver by 51.5% in the 2nd quarter. Citadel Advisors LLC now owns 102,886 shares of the company’s stock worth $126,000 after buying an additional 34,967 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Vizsla Silver by 29.0% in the 4th quarter. JPMorgan Chase & Co. now owns 162,400 shares of the company’s stock worth $187,000 after buying an additional 36,500 shares during the last quarter. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Company Profile

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.