Ninepoint Partners LP Invests $2.65 Million in Vizsla Silver Corp. (NYSE:VZLA)

Ninepoint Partners LP bought a new position in Vizsla Silver Corp. (NYSE:VZLA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 largest position. Ninepoint Partners LP owned about 0.40% of Vizsla Silver as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Marshall Wace LLP lifted its stake 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. Alps Advisors Inc. lifted its stake in Vizsla Silver by 954.6% in the first quarter. Alps Advisors Inc. now owns 969,071 shares of the company's stock worth $2,200,000 after acquiring an additional 877,177 shares during the period. Renaissance Technologies LLC lifted its stake 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. Mackenzie Financial Corp lifted its stake in Vizsla Silver by 23.3% in the fourth quarter. Mackenzie Financial Corp now owns 4,162,387 shares of the company's stock worth $7,029,000 after acquiring an additional 787,908 shares during the period. Finally, Bank of America Corp DE lifted its stake in Vizsla Silver by 57.4% in the fourth quarter. Bank of America Corp DE now owns 2,009,190 shares of the company's stock worth $3,436,000 after acquiring an additional 733,054 shares during the period. Institutional investors own 22.46% of the company's stock.

Vizsla Silver Trading Down 1.8%

Vizsla Silver stock traded down $0.06 on Friday, hitting $3.29. 2,765,654 shares of the stock traded hands, compared to its average volume of 2,972,009. The firm has a market cap of $1.12 billion, a P/E ratio of -329.00 and a beta of 0.92. The business's fifty day simple moving average is $3.10 and its 200 day simple moving average is $2.46. Vizsla Silver Corp. has a 1 year low of $1.67 and a 1 year high of $3.66.

Analyst Ratings Changes

A number of analysts recently commented on the company. National Bank Financial raised Vizsla Silver to a "strong-buy" rating in a research note on Thursday, June 26th. Raymond James Financial reissued an "outperform" rating on shares of Vizsla Silver in a research report on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Vizsla Silver currently has a consensus rating of "Buy" and a consensus target price of $3.83.

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.