Equinox Partners Investment Management LLC Decreases Stake in Vizsla Silver Corp. $VZLA

Equinox Partners Investment Management LLC trimmed its stake in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) by 35.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,250,800 shares of the company’s stock after selling 1,243,900 shares during the quarter. Vizsla Silver makes up about 3.0% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 8th largest holding. Equinox Partners Investment Management LLC’s holdings in Vizsla Silver were worth $7,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in VZLA. Pictet Asset Management Holding SA grew its stake in shares of Vizsla Silver by 20.9% during the first quarter. Pictet Asset Management Holding SA now owns 70,692 shares of the company’s stock worth $234,000 after buying an additional 12,226 shares during the last quarter. Cardinal Point Capital Management ULC acquired a new stake in shares of Vizsla Silver during the 1st quarter valued at $109,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Vizsla Silver by 19,402.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 18,527 shares of the company’s stock valued at $101,000 after acquiring an additional 18,432 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Vizsla Silver during the 4th quarter worth $647,000. Finally, XTX Topco Ltd acquired a new position in Vizsla Silver in the 4th quarter worth about $337,000. Institutional investors own 22.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Vizsla Silver Stock Performance

Shares of Vizsla Silver stock opened at $3.30 on Wednesday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -9.43 and a beta of 1.04. The company has a quick ratio of 65.89, a current ratio of 65.89 and a debt-to-equity ratio of 0.66. Vizsla Silver Corp. has a twelve month low of $2.83 and a twelve month high of $7.19. The company’s fifty day moving average is $3.51 and its 200 day moving average is $4.19.

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.