Vizsla Silver Corp. $VZLA Shares Bought by Alps Advisors Inc.

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of VZLA. Trek Financial LLC acquired a new stake in shares of Vizsla Silver during the 3rd quarter worth approximately $3,755,000. Intact Investment Management Inc. purchased a new stake in Vizsla Silver during the third quarter worth $690,000. K.J. Harrison & Partners Inc acquired a new stake in Vizsla Silver during the second quarter valued at $2,460,000. Fourth Sail Capital LP purchased a new position in Vizsla Silver in the second quarter valued at $12,736,000. Finally, XTX Topco Ltd acquired a new position in shares of Vizsla Silver in the second quarter worth about $935,000. 22.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VZLA has been the subject of a number of analyst reports. Roth Mkm upped their price target on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Cantor Fitzgerald started coverage on Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 price target for the company. Finally, Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Price Performance

Shares of NYSEAMERICAN VZLA opened at $4.60 on Monday. The company has a market capitalization of $1.61 billion, a P/E ratio of -115.00 and a beta of 0.94. The company has a 50 day simple moving average of $5.57 and a 200-day simple moving average of $4.52. Vizsla Silver Corp. has a 1 year low of $1.69 and a 1 year high of $7.19.

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.