Vizsla Silver initiated with an Outperformer at CIBC

CIBC analyst Allison Carson initiated coverage of Vizsla Silver with an Outperformer rating and C$2.80 price target. Vizsla is a “well-funded” silver developer advancing its 100%-owned Panuco project near Mazatlan, Mexico, the analyst tells investors in a research note. Given the company’s deposit’s high-grade nature on both a silver and gold basis, and with the shares trading at a below-peer valuation, the firm views Vizsla as an attractive takeover candidate.