Van ECK Associates Corp Buys 1,706,330 Shares of Vizsla Silver Corp. (NYSE:VZLA)

Van ECK Associates Corp boosted its stake in shares of Vizsla Silver Corp. (NYSE:VZLA) by 17.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,356,191 shares of the company’s stock after acquiring an additional 1,706,330 shares during the period. Van ECK Associates Corp’s holdings in Vizsla Silver were worth $19,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VZLA. Accredited Investors Inc. acquired a new position in Vizsla Silver during the third quarter valued at approximately $30,000. Heck Capital Advisors LLC acquired a new position in shares of Vizsla Silver during the 4th quarter worth $36,000. Sanctuary Advisors LLC bought a new stake in shares of Vizsla Silver during the 3rd quarter worth $37,000. Tidal Investments LLC acquired a new stake in Vizsla Silver in the third quarter valued at about $38,000. Finally, Virtu Financial LLC bought a new position in Vizsla Silver in the third quarter valued at about $81,000. Institutional investors own 22.46% of the company’s stock.

Vizsla Silver Stock Up 1.4 %

NYSE VZLA opened at $2.23 on Friday. The company has a market capitalization of $621.61 million, a price-to-earnings ratio of -223.00 and a beta of 0.90. Vizsla Silver Corp. has a twelve month low of $1.07 and a twelve month high of $2.39. The stock has a fifty day simple moving average of $1.95 and a 200 day simple moving average of $1.95.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VZLA. Roth Mkm raised their target price on shares of Vizsla Silver from $3.00 to $3.25 and gave the company a “buy” rating in a research report on Friday, January 10th. National Bank Financial initiated coverage on Vizsla Silver in a report on Thursday, December 19th. They set an “outperform” rating on the stock. Finally, BMO Capital Markets began coverage on Vizsla Silver in a report on Friday, January 24th. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $4.06.

Vizsla Silver Company Profile

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.