Allspring Global Investments Holdings LLC Buys Shares of 1,000,000 Vizsla Silver Corp. $VZLA

Allspring Global Investments Holdings LLC bought a new stake in shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,000,000 shares of the company’s stock, valued at approximately $5,470,000. Allspring Global Investments Holdings LLC owned approximately 0.29% of Vizsla Silver as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VZLA. Tidal Investments LLC bought a new stake in Vizsla Silver during the 2nd quarter valued at $24,562,000. Bank of America Corp DE raised its position in shares of Vizsla Silver by 274.5% in the 2nd quarter. Bank of America Corp DE now owns 8,022,629 shares of the company’s stock worth $23,587,000 after acquiring an additional 5,880,575 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Vizsla Silver by 41.7% in the 3rd quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock worth $58,698,000 after acquiring an additional 4,001,170 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Vizsla Silver by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after acquiring an additional 3,139,086 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Vizsla Silver by 1,165.0% in the 1st quarter. Millennium Management LLC now owns 2,932,731 shares of the company’s stock worth $6,666,000 after acquiring an additional 2,700,887 shares in the last quarter. 22.46% of the stock is owned by institutional investors.

Vizsla Silver Stock Up 1.2%

Shares of VZLA stock opened at $3.30 on Tuesday. Vizsla Silver Corp. has a 1-year low of $1.69 and a 1-year high of $7.19. The stock’s fifty day moving average price is $4.00 and its 200 day moving average price is $4.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 65.89 and a quick ratio of 65.89. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -9.43 and a beta of 1.09.

Wall Street Analysts Forecast Growth

VZLA has been the subject of several recent research reports. National Bank Financial lowered Vizsla Silver from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 10th. Cantor Fitzgerald initiated coverage on Vizsla Silver in a research report on Monday, December 22nd. They issued a “buy” rating and a $7.00 price target for the company. Canadian Imperial Bank of Commerce lowered Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Raymond James Financial restated an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. Three 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.