LGT Fund Management Co Ltd. Cuts Stake 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. cut its position in shares of Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 20.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 400,000 shares of the company's stock after selling 100,000 shares during the period. LGT Fund Management Co Ltd. owned approximately 0.14% of Vizsla Silver worth $915,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Accredited Investors Inc. purchased a new stake in Vizsla Silver during the first quarter valued at approximately $35,000. Heck Capital Advisors LLC purchased a new stake in Vizsla Silver during the fourth quarter valued at approximately $36,000. Two Sigma Advisers LP purchased a new stake in Vizsla Silver during the fourth quarter valued at approximately $55,000. Cubist Systematic Strategies LLC purchased a new stake in Vizsla Silver during the fourth quarter valued at approximately $99,000. Finally, Raymond James Financial Inc. purchased a new stake in Vizsla Silver during the fourth quarter valued at approximately $188,000. 22.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Vizsla Silver Stock Performance

NYSE VZLA traded down $0.04 on Thursday, reaching $3.37. 4,172,840 shares of the stock traded hands, compared to its average volume of 2,965,494. The company has a fifty day moving average price of $3.21 and a 200-day moving average price of $2.59. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -337.00 and a beta of 0.92. Vizsla Silver Corp. has a 12 month low of $1.67 and a 12 month high of $3.66.

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.