CIBC downgrades Vizsla Silver on Panuco incident uncertainty

As previously reported, CIBC analyst Cosmos Chiu downgraded Vizsla Silver (VZLA) to Neutral from Outperformer with a price target of C$7, down from C$10. The firm says “many questions remain unanswered” regarding the Panuco security incident in Mexico. The uncertainties increase the risk profile of companies such as Vizsla that operate as single-asset developers in Mexico, the analyst tells investors in a research note. CIBC is now less confident in the company’s guidance targeting first silver in the second half of 2027. In addition, Vizsla Silver and Vizsla Royalties have become less attractive as potential takeout candidates, contends the firm.