Ninepoint Partners LP Acquires New Position in Vizsla Silver Corp. (NYSE:VZLA)

Ninepoint Partners LP purchased a new position in Vizsla Silver Corp. (NYSE:VZLA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,168,925 shares of the company's stock, valued at approximately $2,653,000. Vizsla Silver comprises 0.4% of Ninepoint Partners LP's investment portfolio, making the stock its 27th biggest position. Ninepoint Partners LP owned 0.40% of Vizsla Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VZLA. Raymond James Financial Inc. bought a new position in Vizsla Silver in the fourth quarter valued at about $188,000. Quantbot Technologies LP lifted its stake in shares of Vizsla Silver by 19.1% in the 4th quarter. Quantbot Technologies LP now owns 56,819 shares of the company's stock worth $97,000 after purchasing an additional 9,102 shares during the period. Diametric Capital LP boosted its holdings in shares of Vizsla Silver by 35.3% in the fourth quarter. Diametric Capital LP now owns 163,091 shares of the company's stock worth $275,000 after buying an additional 42,586 shares during the last quarter. Renaissance Technologies LLC raised its position in Vizsla Silver by 282.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,070,061 shares of the company's stock worth $1,830,000 after acquiring an additional 790,161 shares during the period. Finally, Marshall Wace LLP raised its position in Vizsla Silver by 404.1% in the fourth quarter. Marshall Wace LLP now owns 1,169,891 shares of the company's stock worth $2,001,000 after acquiring an additional 937,807 shares during the period. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Trading Down 1.8%

Shares of NYSE VZLA traded down $0.06 during mid-day trading on Friday, reaching $3.29. The company had a trading volume of 2,765,654 shares, compared to its average volume of 2,972,009. Vizsla Silver Corp. has a 52-week low of $1.67 and a 52-week high of $3.66. The stock has a market cap of $1.12 billion, a P/E ratio of -329.00 and a beta of 0.92. The firm has a 50 day simple moving average of $3.12 and a two-hundred day simple moving average of $2.48.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VZLA shares. National Bank Financial raised shares of Vizsla Silver to a "strong-buy" rating in a report on Thursday, June 26th. Raymond James Financial reiterated an "outperform" rating on shares of Vizsla Silver in a report on Friday, April 4th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vizsla Silver has a consensus rating of "Buy" and an average target price of $3.88.

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.