Accredited Investors Inc. Makes New Investment in Vizsla Silver Corp. (NYSE:VZLA)

Accredited Investors Inc. purchased a new stake in shares of Vizsla Silver Corp. (NYSE:VZLA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,600 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Van ECK Associates Corp bought a new position in Vizsla Silver in the 3rd quarter valued at about $18,528,000. Equinox Partners Investment Management LLC boosted its holdings in shares of Vizsla Silver by 11.5% in the third quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company’s stock valued at $11,474,000 after acquiring an additional 619,600 shares in the last quarter. U S Global Investors Inc. increased its stake in shares of Vizsla Silver by 17.7% during the third quarter. U S Global Investors Inc. now owns 1,075,000 shares of the company’s stock valued at $2,058,000 after acquiring an additional 162,000 shares during the period. LGT Fund Management Co Ltd. bought a new stake in Vizsla Silver during the second quarter worth approximately $531,000. Finally, Marshall Wace LLP acquired a new stake in Vizsla Silver in the second quarter worth approximately $407,000. 22.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VZLA. CIBC lifted their price target on Vizsla Silver from $3.50 to $4.50 and gave the company an “outperformer” rating in a research report on Monday, July 29th. HC Wainwright boosted their price target on shares of Vizsla Silver from $3.50 to $3.75 and gave the stock a “buy” rating in a research report on Thursday, July 25th.

Vizsla Silver Stock Performance

Vizsla Silver stock opened at $1.71 on Monday. The firm has a market cap of $476.66 million, a price-to-earnings ratio of -85.50 and a beta of 0.95. Vizsla Silver Corp. has a 1 year low of $1.00 and a 1 year high of $2.40. The firm’s 50 day moving average price is $2.00 and its two-hundred day moving average price is $1.87.

Vizsla Silver (NYSE:VZLA) last issued its earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). As a group, equities analysts predict that Vizsla Silver Corp. will post -0.04 EPS for the current fiscal year.

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.