Mackenzie Financial Corp Purchases 787,908 Shares of Vizsla Silver Corp. (NYSE:VZLA)

Mackenzie Financial Corp lifted its stake in Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,162,387 shares of the company's stock after purchasing an additional 787,908 shares during the quarter. Mackenzie Financial Corp owned about 1.45% of Vizsla Silver worth $7,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amundi purchased a new position in Vizsla Silver during the fourth quarter valued at $1,710,000. Van ECK Associates Corp increased its holdings in shares of Vizsla Silver by 17.7% during the fourth quarter. Van ECK Associates Corp now owns 11,356,191 shares of the company's stock valued at $19,185,000 after acquiring an additional 1,706,330 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Vizsla Silver in the 3rd quarter worth about $230,000. Heck Capital Advisors LLC purchased a new position in shares of Vizsla Silver in the 4th quarter worth about $36,000. Finally, Raymond James Financial Inc. bought a new position in Vizsla Silver in the 4th quarter worth about $188,000. Hedge funds and other institutional investors own 22.46% of the company's stock.

Vizsla Silver Trading Down 3.1%

VZLA traded down $0.09 during trading on Thursday, hitting $2.81. 1,843,348 shares of the company's stock traded hands, compared to its average volume of 1,740,447. The stock has a market capitalization of $825.60 million, a price-to-earnings ratio of -281.00 and a beta of 0.76. The company's 50 day simple moving average is $2.27 and its two-hundred day simple moving average is $2.07. Vizsla Silver Corp. has a 12-month low of $1.59 and a 12-month high of $2.97.

Wall Street Analyst Weigh In

Separately, Raymond James restated an "outperform" rating on shares of Vizsla Silver in a research note on Friday, April 4th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $3.83.

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.