NewGen Asset Management Ltd Buys Shares of 900,000 Vizsla Silver Corp. $VZLA

NewGen Asset Management Ltd bought a new stake in Vizsla Silver Corp. (NYSEAMERICAN:VZLA) during the 4th quarter, Holdings Channel reports. The firm bought 900,000 shares of the company’s stock, valued at approximately $4,923,000. Vizsla Silver accounts for about 3.0% of NewGen Asset Management Ltd’s portfolio, making the stock its 12th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hohimer Wealth Management LLC acquired a new position in Vizsla Silver in the 3rd quarter valued at about $47,000. Schonfeld Strategic Advisors LLC acquired a new position in Vizsla Silver in the 3rd quarter valued at about $50,000. Swiss Life Asset Management Ltd acquired a new position in Vizsla Silver in the 3rd quarter valued at about $53,000. Dynamic Technology Lab Private Ltd acquired a new position in Vizsla Silver in the 3rd quarter valued at about $54,000. Finally, Integrity Alliance LLC. acquired a new position in Vizsla Silver in the 4th quarter valued at about $56,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

Vizsla Silver Stock Performance

Shares of VZLA stock opened at $3.65 on Tuesday. The firm’s 50 day moving average price is $3.50 and its 200-day moving average price is $4.31. The company has a debt-to-equity ratio of 0.66, a quick ratio of 65.89 and a current ratio of 65.89. Vizsla Silver Corp. has a one year low of $2.82 and a one year high of $7.19. The firm has a market cap of $1.28 billion, a P/E ratio of -10.43 and a beta of 1.04.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce lowered shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vizsla Silver presently 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.