Vizsla Silver Corp. (NYSE:VZLA) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its position in shares of Vizsla Silver Corp. (NYSE:VZLA) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,117,500 shares of the company’s stock after selling 108,500 shares during the quarter. Franklin Resources Inc. owned approximately 5.78% of Vizsla Silver worth $27,211,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VZLA. Quantbot Technologies LP grew its stake in Vizsla Silver by 19.1% in the 4th quarter. Quantbot Technologies LP now owns 56,819 shares of the company’s stock worth $97,000 after acquiring an additional 9,102 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Vizsla Silver by 29.0% during the third quarter. Integrated Wealth Concepts LLC now owns 52,117 shares of the company’s stock worth $100,000 after purchasing an additional 11,728 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Vizsla Silver in the third quarter valued at $38,000. Sanctuary Advisors LLC acquired a new position in Vizsla Silver in the third quarter valued at $37,000. Finally, Heck Capital Advisors LLC purchased a new position in Vizsla Silver during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 22.46% of the company’s stock.

Wall Street Analyst Weigh In

VZLA has been the subject of several recent analyst reports. BMO Capital Markets started coverage on Vizsla Silver in a report on Friday, January 24th. They issued an “outperform” rating for the company. National Bank Financial assumed coverage on shares of Vizsla Silver in a report on Thursday, December 19th. They issued an “outperform” rating for the company. Finally, Roth Mkm upped their price target on shares of Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $4.06.

Vizsla Silver Price Performance

Vizsla Silver stock opened at $1.87 on Friday. Vizsla Silver Corp. has a 12 month low of $1.27 and a 12 month high of $2.47. The company has a market cap of $549.42 million, a price-to-earnings ratio of -187.00 and a beta of 0.75. The stock’s 50-day moving average is $2.15 and its 200-day moving average is $2.00.

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.