Vizsla Silver Corp. (NYSE:VZLA) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its position in shares of Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,226,000 shares of the company's stock after selling 400,000 shares during the quarter. Franklin Resources Inc. owned about 5.82% of Vizsla Silver worth $34,429,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VZLA. Van ECK Associates Corp purchased a new stake in shares of Vizsla Silver during the third quarter worth about $18,528,000. Jane Street Group LLC grew its position in Vizsla Silver by 2,412.1% during the 3rd quarter. Jane Street Group LLC now owns 1,208,989 shares of the company's stock worth $2,321,000 after purchasing an additional 1,160,863 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Vizsla Silver during the 3rd quarter valued at approximately $1,916,000. Raffles Associates LP raised its holdings in shares of Vizsla Silver by 111.7% in the third quarter. Raffles Associates LP now owns 1,694,010 shares of the company's stock worth $3,252,000 after buying an additional 893,700 shares during the last quarter. Finally, Equinox Partners Investment Management LLC lifted its stake in shares of Vizsla Silver by 11.5% during the third quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company's stock worth $11,474,000 after buying an additional 619,600 shares during the period. 22.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, National Bank Financial started coverage on Vizsla Silver in a research report on Thursday. They issued an "outperform" rating on the stock.

Vizsla Silver Stock Performance

NYSE VZLA traded down $0.06 during trading hours on Thursday, reaching $1.71. The stock had a trading volume of 1,386,913 shares, compared to its average volume of 1,081,904. Vizsla Silver Corp. has a 52-week low of $1.07 and a 52-week high of $2.40. The stock has a market cap of $476.67 million, a P/E ratio of -171.00 and a beta of 0.85. The stock has a fifty day moving average of $1.94 and a 200 day moving average of $1.90.

Vizsla Silver Company Profile

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.