Vizsla Silver Corp. $VZLA Shares Bought by Sprott Inc.

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. lifted its position in shares of Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 3.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,703,712 shares of the company's stock after buying an additional 898,246 shares during the quarter. Vizsla Silver makes up 2.9% of Sprott Inc.'s holdings, making the stock its 9th largest holding. Sprott Inc. owned 8.07% of Vizsla Silver worth $54,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Accredited Investors Inc. purchased a new stake in shares of Vizsla Silver during the first quarter valued at $35,000. Heck Capital Advisors LLC bought a new position in Vizsla Silver in the fourth quarter worth about $36,000. Two Sigma Advisers LP purchased a new stake in shares of Vizsla Silver during the fourth quarter worth about $55,000. New Harbor Financial Group LLC purchased a new stake in shares of Vizsla Silver during the first quarter worth about $83,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Vizsla Silver in the fourth quarter valued at approximately $99,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VZLA shares. Zacks Research downgraded Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating in a report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Vizsla Silver has a consensus rating of "Buy" and a consensus price target of $3.25.

Vizsla Silver Trading Down 0.6%

VZLA stock traded down $0.02 during midday trading on Wednesday, hitting $3.53. 1,787,706 shares of the company's stock were exchanged, compared to its average volume of 2,998,542. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -352.40 and a beta of 0.92. The firm has a 50 day moving average price of $3.19 and a 200-day moving average price of $2.66. Vizsla Silver Corp. has a 12-month low of $1.67 and a 12-month 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.