TD Asset Management Inc Invests $697,000 in Vizsla Silver Corp. (NYSE:VZLA)

Key Points

• TD Asset Management Inc has acquired a new stake in Vizsla Silver Corp, purchasing 304,932 shares valued at approximately $697,000.
• Institutional investors currently own 22.46% of Vizsla Silver's stock, with several others also recently establishing new positions in the company.
• Vizsla Silver has been upgraded to a "strong-buy" rating by National Bank Financial, indicating positive analyst sentiment towards the stock.

TD Asset Management Inc bought a new position in Vizsla Silver Corp. (NYSE:VZLA - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 304,932 shares of the company's stock, valued at approximately $697,000. TD Asset Management Inc owned 0.10% of Vizsla Silver as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in VZLA. Cambridge Investment Research Advisors Inc. increased its stake in shares of Vizsla Silver by 7.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company's stock worth $376,000 after buying an additional 10,975 shares during the period. Accredited Investors Inc. bought a new stake in Vizsla Silver in the 1st quarter worth $35,000. Heck Capital Advisors LLC bought a new stake in Vizsla Silver in the 4th quarter worth $36,000. Raffles Associates LP increased its position in shares of Vizsla Silver by 1.5% in the fourth quarter. Raffles Associates LP now owns 1,719,010 shares of the company's stock valued at $2,940,000 after acquiring an additional 25,000 shares during the period. Finally, Two Sigma Advisers LP bought a new position in shares of Vizsla Silver during the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 22.46% of the company's stock.

Wall Street Analysts Forecast Growth

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

Vizsla Silver Price Performance

NYSE:VZLA traded down $0.04 during trading hours on Friday, hitting $3.29. The company had a trading volume of 1,366,377 shares, compared to its average volume of 2,953,916. The stock has a 50-day moving average price of $3.19 and a 200 day moving average price of $2.54. The company has a market capitalization of $1.12 billion, a PE ratio of -327.50 and a beta of 0.92. Vizsla Silver Corp. has a 52 week low of $1.67 and a 52 week 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.