CIBC Asset Management Inc Takes Position in Vizsla Silver Corp. $VZLA

CIBC Asset Management Inc acquired a new stake in Vizsla Silver Corp. (NYSEAMERICAN:VZLA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 318,586 shares of the company’s stock, valued at approximately $1,747,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. raised its holdings in Vizsla Silver by 10.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 26,310 shares of the company’s stock worth $114,000 after purchasing an additional 2,410 shares during the period. Swiss Life Asset Management Ltd raised its holdings in Vizsla Silver by 20.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 14,681 shares of the company’s stock worth $80,000 after purchasing an additional 2,498 shares during the period. Rathbones Group PLC raised its holdings in Vizsla Silver by 52.7% in the 3rd quarter. Rathbones Group PLC now owns 25,000 shares of the company’s stock worth $108,000 after purchasing an additional 8,625 shares during the period. Pictet Asset Management Holding SA raised its holdings in Vizsla Silver by 18.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 58,466 shares of the company’s stock worth $321,000 after purchasing an additional 9,264 shares during the period. Finally, Corundum Trust Company INC raised its holdings in Vizsla Silver by 16.6% in the 4th quarter. Corundum Trust Company INC now owns 70,250 shares of the company’s stock worth $384,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 22.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VZLA shares. National Bank Financial cut Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce cut Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Three 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, the company presently has an average rating of “Moderate Buy” and an average target price of $7.00.

Vizsla Silver Stock Performance

NYSEAMERICAN VZLA opened at $3.44 on Tuesday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -9.83 and a beta of 1.04. Vizsla Silver Corp. has a twelve month low of $2.82 and a twelve month high of $7.19. The company has a current ratio of 65.89, a quick ratio of 65.89 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average of $3.48 and a 200 day moving average of $4.34.

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.