Van ECK Associates Corp Purchases 1,706,330 Shares of Vizsla Silver Corp. (NYSE:VZLA)

Van ECK Associates Corp boosted its position in Vizsla Silver Corp. (NYSE:VZLA) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,356,191 shares of the company’s stock after acquiring an additional 1,706,330 shares during the period. Van ECK Associates Corp owned 4.07% of Vizsla Silver worth $19,185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Equinox Partners Investment Management LLC boosted its holdings in Vizsla Silver by 11.5% during the third quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock worth $11,474,000 after buying an additional 619,600 shares during the last quarter. Raffles Associates LP grew its holdings in Vizsla Silver by 111.7% during the third quarter. Raffles Associates LP now owns 1,694,010 shares of the company’s stock valued at $3,252,000 after purchasing an additional 893,700 shares during the period. Jane Street Group LLC increased its stake in Vizsla Silver by 2,412.1% in the third quarter. Jane Street Group LLC now owns 1,208,989 shares of the company’s stock valued at $2,321,000 after purchasing an additional 1,160,863 shares in the last quarter. U S Global Investors Inc. raised its holdings in Vizsla Silver by 17.7% in the third quarter. U S Global Investors Inc. now owns 1,075,000 shares of the company’s stock worth $2,058,000 after purchasing an additional 162,000 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Vizsla Silver during the third quarter worth $1,916,000. 22.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VZLA shares. National Bank Financial began coverage on Vizsla Silver in a research report on Thursday, December 19th. They set an “outperform” rating on the stock. BMO Capital Markets initiated coverage on shares of Vizsla Silver in a research note on Friday, January 24th. They issued an “outperform” rating on the stock. Finally, Roth Mkm increased their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vizsla Silver presently has an average rating of “Buy” and a consensus price target of $4.06.

Vizsla Silver Stock Up 1.4 %

NYSE:VZLA opened at $2.23 on Friday. The firm has a market capitalization of $621.61 million, a price-to-earnings ratio of -223.00 and a beta of 0.90. Vizsla Silver Corp. has a twelve month low of $1.07 and a twelve month high of $2.39. The stock’s 50 day moving average price is $1.95 and its two-hundred day moving average price is $1.95.

Vizsla Silver 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.