Jupiter Asset Management Ltd. Acquires 2,545,216 Shares of Vizsla Silver Corp. $VZLA

Jupiter Asset Management Ltd. grew its holdings in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) by 34.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,013,434 shares of the company’s stock after buying an additional 2,545,216 shares during the quarter. Jupiter Asset Management Ltd. owned 2.87% of Vizsla Silver worth $54,934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VZLA. Waratah Capital Advisors Ltd. lifted its position in Vizsla Silver by 26.0% in the third quarter. Waratah Capital Advisors Ltd. now owns 6,554,415 shares of the company’s stock worth $28,315,000 after buying an additional 1,353,578 shares during the last quarter. Sprott Inc. boosted its stake in shares of Vizsla Silver by 1.4% during the 3rd quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock worth $98,691,000 after purchasing an additional 306,900 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Vizsla Silver in the 4th quarter worth about $5,470,000. Alps Advisors Inc. lifted its stake in Vizsla Silver by 113.1% in the third quarter. Alps Advisors Inc. now owns 3,390,528 shares of the company’s stock worth $14,647,000 after purchasing an additional 1,799,269 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. bought a new position in shares of Vizsla Silver during the third quarter valued at approximately $2,447,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

Vizsla Silver Price Performance

Shares of VZLA stock opened at $3.78 on Friday. Vizsla Silver Corp. has a twelve month low of $2.77 and a twelve month high of $7.19. The company has a current ratio of 65.89, a quick ratio of 65.89 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $3.39 and a two-hundred day simple moving average of $4.38. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -10.80 and a beta of 1.00.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Canadian Imperial Bank of Commerce cut Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. National Bank Financial cut shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.