Vizsla Silver Corp. $VZLA Stock Position Lowered by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc decreased its position in Vizsla Silver Corp. (NYSEAMERICAN:VZLA) by 22.0% in the third quarter, HoldingsChannel reports. The firm owned 651,500 shares of the company’s stock after selling 183,333 shares during the period. K.J. Harrison & Partners Inc’s holdings in Vizsla Silver were worth $2,842,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its holdings in shares of Vizsla Silver by 22.2% in the third quarter. TD Asset Management Inc now owns 408,030 shares of the company’s stock valued at $1,762,000 after purchasing an additional 73,999 shares in the last quarter. Waratah Capital Advisors Ltd. raised its position in Vizsla Silver by 26.0% during the third quarter. Waratah Capital Advisors Ltd. now owns 6,554,415 shares of the company’s stock valued at $28,315,000 after buying an additional 1,353,578 shares during the period. Vanguard Group Inc. purchased a new stake in Vizsla Silver in the 3rd quarter worth about $1,306,000. JPMorgan Chase & Co. boosted its position in Vizsla Silver by 138.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 250,145 shares of the company’s stock worth $1,081,000 after acquiring an additional 145,434 shares during the period. Finally, Alps Advisors Inc. boosted its position in Vizsla Silver by 113.1% during the 3rd quarter. Alps Advisors Inc. now owns 3,390,528 shares of the company’s stock worth $14,647,000 after acquiring an additional 1,799,269 shares during the period. 22.46% of the stock is owned by institutional investors and hedge funds.

Vizsla Silver Trading Up 0.8%

Shares of NYSEAMERICAN:VZLA opened at $3.93 on Thursday. The stock has a market capitalization of $1.37 billion, a PE ratio of -98.25 and a beta of 0.93. Vizsla Silver Corp. has a 1 year low of $1.69 and a 1 year high of $7.19. The firm has a fifty day moving average price of $5.25 and a 200 day moving average price of $4.58.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VZLA. Cantor Fitzgerald began coverage on shares of Vizsla Silver in a report on Monday, December 22nd. They set a “buy” rating and a $7.00 price target for the company. Raymond James Financial reissued an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. National Bank Financial cut shares of Vizsla Silver from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 10th. Finally, Roth Mkm increased their price objective on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.