Alps Advisors Inc. Purchases 1,799,269 Shares of Vizsla Silver Corp. $VZLA

Alps Advisors Inc. grew its stake in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) by 113.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,390,528 shares of the company’s stock after buying an additional 1,799,269 shares during the period. Alps Advisors Inc. owned 0.99% of Vizsla Silver worth $14,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VZLA. D.A. Davidson & CO. increased its holdings in Vizsla Silver by 2.3% in the 3rd quarter. D.A. Davidson & CO. now owns 220,000 shares of the company’s stock valued at $950,000 after acquiring an additional 5,000 shares during the last quarter. Bogart Wealth LLC bought a new stake in shares of Vizsla Silver in the third quarter worth about $26,000. Pale Fire Capital SE lifted its position in shares of Vizsla Silver by 25.6% in the second quarter. Pale Fire Capital SE now owns 38,800 shares of the company’s stock worth $114,000 after buying an additional 7,900 shares in the last quarter. OneAscent Financial Services LLC boosted its stake in Vizsla Silver by 100.0% during the third quarter. OneAscent Financial Services LLC now owns 20,000 shares of the company’s stock valued at $86,000 after buying an additional 10,000 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Vizsla Silver during the 3rd quarter valued at approximately $50,000. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Stock Up 7.2%

Shares of Vizsla Silver stock opened at $4.60 on Monday. The company has a market cap of $1.61 billion, a P/E ratio of -115.00 and a beta of 0.94. Vizsla Silver Corp. has a 52-week low of $1.69 and a 52-week high of $7.19. The firm’s 50 day moving average price is $5.57 and its 200-day moving average price is $4.52.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of Vizsla Silver in a research report on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target on the stock. Roth Mkm lifted their price objective on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $7.00.

Vizsla Silver Company Profile

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.