CIBC Asset Management Inc Purchases Shares of 318,586 Vizsla Silver Corp. $VZLA

CIBC Asset Management Inc purchased a new stake in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 318,586 shares of the company’s stock, valued at approximately $1,747,000. CIBC Asset Management Inc owned about 0.09% of Vizsla Silver as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in VZLA. Millennium Management LLC grew its stake in Vizsla Silver by 1,165.0% during the 1st quarter. Millennium Management LLC now owns 2,932,731 shares of the company’s stock valued at $6,666,000 after purchasing an additional 2,700,887 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Vizsla Silver by 95.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 104,711 shares of the company’s stock valued at $308,000 after purchasing an additional 51,126 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Vizsla Silver during the 2nd quarter valued at about $342,000. Walleye Capital LLC purchased a new stake in Vizsla Silver during the 2nd quarter valued at about $650,000. Finally, Amundi grew its stake in Vizsla Silver by 44.4% during the 2nd quarter. Amundi now owns 3,250,000 shares of the company’s stock valued at $9,685,000 after purchasing an additional 1,000,000 shares during the last quarter. Hedge funds and other institutional investors own 22.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VZLA shares. Canadian Imperial Bank of Commerce downgraded Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. National Bank Financial downgraded Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 10th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Vizsla Silver Stock Performance

Shares of VZLA stock opened at $3.44 on Tuesday. The stock has a market cap of $1.21 billion, a PE ratio of -9.83 and a beta of 1.04. The business has a 50-day simple moving average of $3.48 and a 200-day simple moving average of $4.34. The company has a quick ratio of 65.89, a current ratio of 65.89 and a debt-to-equity ratio of 0.66. Vizsla Silver Corp. has a 52-week low of $2.82 and a 52-week high of $7.19.

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.