LGT Fund Management Co Ltd. Cuts Stock Position in Vizsla Silver Corp. (NYSE:VZLA)

Key Points

• LGT Fund Management Co Ltd. reduced its stake in Vizsla Silver Corp. by 20%, selling 100,000 shares, and now holds 400,000 shares valued at approximately $915,000.
• Multiple institutional investors, including Accredited Investors Inc. and Raymond James Financial Inc., have recently established new positions in Vizsla Silver, indicating growing interest in the stock.
• Vizsla Silver's latest stock performance shows it trading at $3.37, with a market cap of $1.15 billion, and it has received a "strong-buy" rating from National Bank Financial.

LGT Fund Management Co Ltd. lessened its position in Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 20.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of the company's stock after selling 100,000 shares during the quarter. LGT Fund Management Co Ltd. owned 0.14% of Vizsla Silver worth $915,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Privium Fund Management B.V. lifted its holdings in Vizsla Silver by 65.2% during the 1st quarter. Privium Fund Management B.V. now owns 192,487 shares of the company's stock valued at $437,000 after buying an additional 75,966 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Vizsla Silver by 37.7% during the 1st quarter. Jupiter Asset Management Ltd. now owns 7,468,218 shares of the company's stock valued at $17,072,000 after buying an additional 2,043,880 shares in the last quarter. Mackenzie Financial Corp increased its position in Vizsla Silver by 83.7% during the 1st quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock valued at $17,482,000 after purchasing an additional 3,484,743 shares during the period. TD Asset Management Inc purchased a new position in Vizsla Silver during the 1st quarter valued at about $697,000. Finally, Ninepoint Partners LP purchased a new position in Vizsla Silver during the 1st quarter valued at about $2,653,000. Institutional investors own 22.46% of the company's stock.

Vizsla Silver Price Performance

NYSE VZLA traded up $0.08 during trading on Friday, reaching $3.45. 11,639,431 shares of the company's stock traded hands, compared to its average volume of 3,021,484. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -345.00 and a beta of 0.92. The company's 50 day simple moving average is $3.21 and its two-hundred day simple moving average is $2.60. Vizsla Silver Corp. has a 12-month low of $1.67 and a 12-month high of $3.66.

Analyst Ratings Changes

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

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.