Alps Advisors Inc. Grows Stock Position in Vizsla Silver Corp. $VZLA

Alps Advisors Inc. lifted its stake in Vizsla Silver Corp. (NYSEAMERICAN:VZLA) by 69.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,733,091 shares of the company’s stock after buying an additional 2,342,563 shares during the period. Alps Advisors Inc.’s holdings in Vizsla Silver were worth $31,360,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Swiss National Bank increased its holdings in shares of Vizsla Silver by 8.3% in the fourth quarter. Swiss National Bank now owns 686,300 shares of the company’s stock worth $3,768,000 after buying an additional 52,600 shares during the period. Nuveen LLC increased its holdings in shares of Vizsla Silver by 12.1% in the fourth quarter. Nuveen LLC now owns 263,339 shares of the company’s stock worth $1,445,000 after buying an additional 28,460 shares during the period. Deutsche Bank AG increased its holdings in shares of Vizsla Silver by 485.3% in the fourth quarter. Deutsche Bank AG now owns 22,007 shares of the company’s stock worth $120,000 after buying an additional 18,247 shares during the period. LPL Financial LLC increased its holdings in shares of Vizsla Silver by 86.1% in the fourth quarter. LPL Financial LLC now owns 84,868 shares of the company’s stock worth $464,000 after buying an additional 39,253 shares during the period. Finally, Erste Asset Management GmbH increased its holdings in shares of Vizsla Silver by 112.9% in the fourth quarter. Erste Asset Management GmbH now owns 66,000 shares of the company’s stock worth $364,000 after buying an additional 35,000 shares during the period. Hedge funds and other institutional investors own 22.46% of the company’s stock.

Vizsla Silver Stock Performance

Vizsla Silver stock opened at $3.47 on Friday. The stock’s 50 day simple moving average is $3.48 and its two-hundred day simple moving average is $4.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 65.89 and a current ratio of 65.89. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -9.91 and a beta of 1.04. Vizsla Silver Corp. has a fifty-two week low of $2.82 and a fifty-two week high of $7.19.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce downgraded 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

About Vizsla Silver

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.