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Investing.com - CIBC (TSX:CM) initiated coverage on Vizsla Royalties Corp (TSXV:VROY) with an Outperformer rating and a price target of C$4.00, citing the company’s increased exposure to silver amid rising prices and limited investment options in the sector.
The company, which was spun out from Vizsla Silver (TSXV:VZLA) in August 2024, initially held a small Net Smelter Return royalty on the Panuco asset, according to CIBC.
VROY completed what CIBC describes as a "transformative transaction" in June 2025 that significantly increased its near-term NSR interest from 0.5% to 3.5%.
The transaction included a concurrent equity financing that improved share liquidity and grew the company’s market capitalization to over $100 million, making it more attractive to investors.
CIBC views Vizsla Royalties as "an attractive vehicle for investors to gain exposure and leverage to silver," particularly given recent strength in silver prices and the "dwindling universe of investible silver companies" resulting from increased merger and acquisition activity in the sector.
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