BMO Capital analyst Kevin O’Halloran has reiterated their bullish stance on VZLA stock, giving a Buy rating today.
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Kevin O’Halloran has given his Buy rating due to a combination of factors that highlight Vizsla Silver’s strong financial positioning and promising project developments. The company has secured a project finance mandate of up to $220 million, which, along with approximately $200 million on its balance sheet from a recent equity financing, positions Vizsla to fully fund the $224 million capital expenditure for the Panuco project. This financial backing ensures that the project can progress through its various stages, including test mine development, feasibility study completion, and permitting, with a construction decision anticipated by mid-2026 and first production expected by the end of 2027.
Additionally, the recent announcement of the funding mandate has led to an increase in the target-setting multiple, raising the target price from $5 to $6. This reflects confidence in the project’s advancement and its potential to enhance Vizsla Silver’s valuation. The project is seen as a top-tier silver development asset, and as Vizsla progresses through its development milestones, there is an expectation of a positive re-rating of the company’s discounted valuation.
According to TipRanks, O’Halloran is a top 25 analyst with an average return of 50.5% and a 94.31% success rate. O’Halloran covers the Basic Materials sector, focusing on stocks such as Equinox Gold, Aya Gold & Silver, and Hochschild Mining.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $4.00 price target.