Sprott Inc. Raises Stock Position in Vizsla Silver Corp. $VZLA

Key Points

• Sprott Inc. increased its stake in Vizsla Silver Corp. by 3.9%, owning 23,703,712 shares, making it the firm's 9th largest position.
• Vizsla Silver's stock price is up 4.9% and has a market cap of $1.18 billion, with recent price targets indicating a strong-buy rating from analysts.
• Institutional investors collectively hold 22.46% of Vizsla Silver's shares, indicating significant interest from hedge funds in the company's stock.

Sprott Inc. grew its holdings in shares of Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,703,712 shares of the company's stock after purchasing an additional 898,246 shares during the quarter. Vizsla Silver comprises approximately 2.9% of Sprott Inc.'s portfolio, making the stock its 9th biggest holding. Sprott Inc. owned 8.07% of Vizsla Silver worth $54,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its position in Vizsla Silver by 83.7% during the first quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock worth $17,482,000 after purchasing an additional 3,484,743 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of Vizsla Silver by 37.7% in the first quarter. Jupiter Asset Management Ltd. now owns 7,468,218 shares of the company's stock worth $17,072,000 after buying an additional 2,043,880 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Vizsla Silver by 5.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,414,972 shares of the company's stock worth $9,149,000 after buying an additional 283,052 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 733,054 shares in the last quarter. Finally, Raffles Associates LP lifted its holdings 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 worth $2,940,000 after buying an additional 25,000 shares in the last quarter. Institutional investors own 22.46% of the company's stock.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of Vizsla Silver to a "strong-buy" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat.com, Vizsla Silver currently has a consensus rating of "Buy" and an average price target of $3.25.

Vizsla Silver Stock Performance

VZLA traded up $0.07 on Friday, reaching $3.52. The company had a trading volume of 3,556,647 shares, compared to its average volume of 3,010,510. The business has a 50 day simple moving average of $3.20 and a 200 day simple moving average of $2.65. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -352.00 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.

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.