Van ECK Associates Corp Increases Position in Vizsla Silver Corp. $VZLA

Van ECK Associates Corp boosted its holdings in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) by 41.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,587,661 shares of the company’s stock after purchasing an additional 4,001,170 shares during the quarter. Van ECK Associates Corp’s holdings in Vizsla Silver were worth $58,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VZLA. Bogart Wealth LLC acquired a new stake in Vizsla Silver in the third quarter valued at $26,000. Hohimer Wealth Management LLC acquired a new position in Vizsla Silver during the 3rd quarter worth $47,000. Wealth Enhancement Advisory Services LLC acquired a new position in Vizsla Silver during the 3rd quarter worth $50,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Vizsla Silver in the 3rd quarter worth about $54,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Vizsla Silver in the 3rd quarter worth about $55,000. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

Vizsla Silver Stock Up 3.8%

Shares of NYSEAMERICAN:VZLA opened at $4.14 on Wednesday. The firm has a 50-day simple moving average of $4.99 and a 200 day simple moving average of $4.64. Vizsla Silver Corp. has a fifty-two week low of $1.69 and a fifty-two week high of $7.19. The company has a market cap of $1.45 billion, a PE ratio of -103.50 and a beta of 0.96.

Wall Street Analyst Weigh In

VZLA has been the topic of several research analyst reports. Roth Mkm increased their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Raymond James Financial reissued an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce lowered Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Cantor Fitzgerald started coverage on Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vizsla Silver has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Vizsla Silver Company Profile

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.