Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An announcement from Vizsla Royalties Corp ( (TSE:VROY) ) is now available.
Vizsla Royalties Corp has successfully closed the acquisition of an additional 3.0% net smelter returns royalty on the Panuco-Copala Silver-Gold Project, enhancing its stake to 3.5% on the Silverstone Concessions. This strategic move increases the company’s exposure to a prominent silver-gold district, potentially benefiting shareholders as the project advances towards production. Additionally, Vizsla Royalties completed a C$63 million bought deal offering, which will fund the acquisition and support general corporate purposes. The offering was led by CIBC Capital Markets and involved a syndicate of underwriters, with a portion of the proceeds allocated to the recent transaction.
The most recent analyst rating on (TSE:VROY) stock is a Buy with a C$2.25 price target. To see the full list of analyst forecasts on Vizsla Royalties Corp stock, see the TSE:VROY Stock Forecast page.
More about Vizsla Royalties Corp
Vizsla Royalties Corp is a company operating in the mining industry, focusing on acquiring and managing net smelter return royalties, particularly in high-grade silver-gold development districts. The company is involved in the Panuco-Copala Silver-Gold Project in Sinaloa, Mexico, where it holds significant royalty interests.
Average Trading Volume: 80,349
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$51.21M
For a thorough assessment of VROY stock, go to TipRanks’ Stock Analysis page.