Jupiter Asset Management Ltd. Purchases 2,043,880 Shares of Vizsla Silver Corp. (NYSE:VZLA)

Key Points

• Jupiter Asset Management Ltd. increased its holdings in Vizsla Silver Corp. by 37.7% in Q1, having acquired an additional 2,043,880 shares, bringing its total to 7,468,218 shares.
• Several other institutional investors have also taken positions in Vizsla Silver, with new stakes from companies like Accredited Investors Inc. and Raymond James Financial Inc.
• National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating, indicating positive investor sentiment towards the company's future prospects.

Jupiter Asset Management Ltd. boosted its stake in shares of Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 37.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,468,218 shares of the company's stock after buying an additional 2,043,880 shares during the period. Jupiter Asset Management Ltd. owned approximately 2.54% of Vizsla Silver worth $17,072,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VZLA. Raymond James Financial Inc. purchased a new stake in Vizsla Silver during the 4th quarter valued at $188,000. Renaissance Technologies LLC raised its holdings in Vizsla Silver by 282.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,070,061 shares of the company's stock valued at $1,830,000 after buying an additional 790,161 shares during the period. Marshall Wace LLP raised its holdings in Vizsla Silver by 404.1% during the 4th quarter. Marshall Wace LLP now owns 1,169,891 shares of the company's stock valued at $2,001,000 after buying an additional 937,807 shares during the period. Raffles Associates LP raised its holdings in Vizsla Silver by 1.5% during the 4th quarter. Raffles Associates LP now owns 1,719,010 shares of the company's stock valued at $2,940,000 after buying an additional 25,000 shares during the period. Finally, Bank of America Corp DE raised its holdings in Vizsla Silver by 57.4% during the 4th quarter. Bank of America Corp DE now owns 2,009,190 shares of the company's stock valued at $3,436,000 after buying an additional 733,054 shares during the period. Hedge funds and other institutional investors own 22.46% of the company's stock.

Analyst Ratings Changes

Separately, National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating in a report on Thursday, June 26th.

Vizsla Silver Stock Performance

Vizsla Silver stock traded up $0.12 during mid-day trading on Thursday, hitting $3.37. The company's stock had a trading volume of 649,566 shares, compared to its average volume of 2,947,813. The company has a 50 day moving average of $3.18 and a 200-day moving average of $2.53. The stock has a market cap of $1.15 billion, a PE ratio of -336.50 and a beta of 0.92. Vizsla Silver Corp. has a one year low of $1.67 and a one year high of $3.66.

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.