VZLA - Vizsla Silver: Strong Outlook With A Possible Healthy Dip Opportunity
2024-06-14 23:55:00 ET
Summary
- Analysis reaffirms "Hold" rating for Vizsla Silver Corp.
- Previous analysis recommended holding VZLA shares due to tight conditions for price increase.
- Exploration results in the Panuco project show potential for high-grade precious metal deposits.
- The stock has good growth prospects as Panuco appears to have significant precious metals assets and the project is based on robust future gold and silver prices driven by demand for safe assets and strong demand for electrification and green energy applications.
- There is some headwind in the short term as the Fed is taking its time with its first rate cut and it is believed that the stock could offer a dip as a result.
This Analysis Reiterates a "Hold" Rating For Vizsla Silver Corp.
This analysis assigns a “Hold” rating to shares of Vizsla Silver Corp. ( VZLA ) ( VZLA:CA ), a silver/gold explorer in the emerging silver-gold rich Panuco-San Dimas Corridor in the Mexican state of Sinaloa, reaffirming the same rating as in the previous analysis .
The Previous Analysis Suggested Holding the Vizsla Silver
In the previous analysis, a “Hold” rating was recommended because the conditions for a significant increase in the price of VZLA and VZLA:CA stocks were too tight, and a healthy pullback was seen as necessary to provide more breathing room to maneuver before the expected upward....
Vizsla Silver: Strong Outlook With A Possible Healthy Dip Opportunity