Sprott Inc. Raises Position in Vizsla Silver Corp. (NYSE:VZLA)

Sprott Inc. increased its position in Vizsla Silver Corp. (NYSE:VZLA) by 17.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,805,466 shares of the company’s stock after purchasing an additional 3,384,837 shares during the period. Vizsla Silver accounts for 2.3% of Sprott Inc.’s investment portfolio, making the stock its 10th largest holding. Sprott Inc. owned 0.08% of Vizsla Silver worth $38,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VZLA. Integrated Wealth Concepts LLC raised its holdings in shares of Vizsla Silver by 29.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 52,117 shares of the company’s stock worth $100,000 after acquiring an additional 11,728 shares in the last quarter. Accredited Investors Inc. purchased a new stake in Vizsla Silver during the third quarter valued at $30,000. Tidal Investments LLC bought a new position in Vizsla Silver during the third quarter valued at $38,000. Sanctuary Advisors LLC purchased a new position in shares of Vizsla Silver in the 3rd quarter worth $37,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Vizsla Silver in the 4th quarter worth about $36,000. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Price Performance

Vizsla Silver stock opened at $1.93 on Wednesday. Vizsla Silver Corp. has a 1-year low of $1.07 and a 1-year high of $2.39. The company’s 50-day moving average is $1.99 and its 200 day moving average is $1.96. The firm has a market capitalization of $553.17 million, a P/E ratio of -193.00 and a beta of 0.90.

Analyst Ratings Changes

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

About Vizsla Silver

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.