NewGen Asset Management Ltd Acquires Shares of 900,000 Vizsla Silver Corp. $VZLA

NewGen Asset Management Ltd bought a new position in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 900,000 shares of the company’s stock, valued at approximately $4,923,000. Vizsla Silver makes up approximately 3.0% of NewGen Asset Management Ltd’s investment portfolio, making the stock its 12th largest position. NewGen Asset Management Ltd owned about 0.26% of Vizsla Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of VZLA. Hohimer Wealth Management LLC purchased a new stake in shares of Vizsla Silver during the third quarter worth about $47,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Vizsla Silver during the third quarter worth about $50,000. Swiss Life Asset Management Ltd purchased a new stake in shares of Vizsla Silver during the third quarter worth about $53,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vizsla Silver during the third quarter worth about $54,000. Finally, Integrity Alliance LLC. purchased a new stake in shares of Vizsla Silver during the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

Vizsla Silver Stock Performance

NYSEAMERICAN:VZLA opened at $3.65 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.89 and a quick ratio of 65.89. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -10.43 and a beta of 1.04. The company’s 50-day moving average is $3.50 and its two-hundred day moving average is $4.31. Vizsla Silver Corp. has a 1-year low of $2.82 and a 1-year high of $7.19.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce cut shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Vizsla Silver presently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

Vizsla Silver 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.