National Bank Downgrades Vizsla Silver (VZLA) To Hold, Keeps the PT

​Vizsla Silver Corp. (NYSE AMERICAN:VZLA) is one of the Best Penny Stocks That Will Skyrocket. On February 10, Don DeMarco from National Bank downgraded Vizsla Silver Corp. (NYSE AMERICAN:VZLA) from Buy to Hold with a $4.73 price target.

​The rating comes after the company reported a security incident at its PANUCO project site in Concordia, Mexico, on January 28. The earlier statements by the company confirmed that at least 10 people were taken from the site. As per more recent reports, management confirmed that a number of people who were taken from the site have been found deceased. The company is still waiting on confirmation from the Mexican authorities.

​Analysts at National Bank noted they see the project being pushed out due to the security incident, hence they have downgraded the stock to Hold. Michael Konnert, President & CEO, in  a recent security and operations update, said,

​“This is an incredibly painful time for the families of our colleagues, for our team, and for the community of Concordia. We stand with the families and are doing what we can to support them, while also looking after our colleagues during this difficult period.”

​Vizsla Silver Corp. (NYSE AMERICAN:VZLA) is a Canadian mineral exploration and development company focused on advancing its 100%-owned Panuco silver-gold project in Sinaloa, Mexico.

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Disclosure: None. This article is originally published at Insider Monkey.