159,700 Shares in Vizsla Silver Corp. $VZLA Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. bought a new stake in Vizsla Silver Corp. (NYSEAMERICAN:VZLA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 159,700 shares of the company’s stock, valued at approximately $690,000.

Several other hedge funds also recently modified their holdings of VZLA. Millennium Management LLC raised its position in shares of Vizsla Silver by 1,165.0% in the first quarter. Millennium Management LLC now owns 2,932,731 shares of the company’s stock valued at $6,666,000 after buying an additional 2,700,887 shares during the last quarter. Triasima Portfolio Management inc. acquired a new stake in Vizsla Silver during the second quarter worth approximately $1,546,000. Verde Servicos Internacionais S.A. purchased a new stake in Vizsla Silver in the 2nd quarter worth approximately $323,000. TD Asset Management Inc grew its stake in Vizsla Silver by 9.5% in the 2nd quarter. TD Asset Management Inc now owns 334,031 shares of the company’s stock worth $984,000 after acquiring an additional 29,099 shares during the period. Finally, Privium Fund Management B.V. raised its holdings in Vizsla Silver by 30.3% in the 2nd quarter. Privium Fund Management B.V. now owns 250,790 shares of the company’s stock valued at $732,000 after acquiring an additional 58,303 shares during the last quarter. 22.46% of the stock is owned by institutional investors and hedge funds.

Vizsla Silver Stock Performance

VZLA opened at $6.57 on Tuesday. Vizsla Silver Corp. has a 1 year low of $1.69 and a 1 year high of $7.19. The firm has a 50 day moving average price of $5.41 and a 200 day moving average price of $4.39. The company has a market cap of $2.28 billion, a PE ratio of -164.25 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Roth Mkm raised 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. Cantor Fitzgerald initiated coverage on Vizsla Silver in a research note on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target on the stock. Finally, Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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.