Van ECK Associates Corp Acquires Shares of 9,649,861 Vizsla Silver Corp. (NYSE:VZLA)

Van ECK Associates Corp bought a new stake in Vizsla Silver Corp. (NYSE:VZLA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,649,861 shares of the company's stock, valued at approximately $18,528,000. Van ECK Associates Corp owned 3.55% of Vizsla Silver as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VZLA. Equinox Partners Investment Management LLC raised its holdings in shares of Vizsla Silver by 11.5% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 5,991,600 shares of the company's stock valued at $11,474,000 after buying an additional 619,600 shares during the period. U S Global Investors Inc. raised its holdings in shares of Vizsla Silver by 17.7% in the 3rd quarter. U S Global Investors Inc. now owns 1,075,000 shares of the company's stock valued at $2,058,000 after buying an additional 162,000 shares during the period. LGT Fund Management Co Ltd. purchased a new stake in shares of Vizsla Silver during the 2nd quarter worth approximately $531,000. Marshall Wace LLP purchased a new position in shares of Vizsla Silver in the 2nd quarter valued at $407,000. Finally, K2 Principal Fund L.P. purchased a new stake in Vizsla Silver in the second quarter valued at $160,000. Hedge funds and other institutional investors own 22.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. CIBC boosted their target price on Vizsla Silver from $3.50 to $4.50 and gave the company an "outperformer" rating in a report on Monday, July 29th. HC Wainwright increased their price objective on Vizsla Silver from $3.50 to $3.75 and gave the company a "buy" rating in a report on Thursday, July 25th.

Vizsla Silver Stock Performance

NYSE VZLA remained flat at $1.98 during trading on Tuesday. 863,205 shares of the company's stock were exchanged, compared to its average volume of 993,437. The firm has a market capitalization of $540.98 million, a price-to-earnings ratio of -99.00 and a beta of 0.95. Vizsla Silver Corp. has a one year low of $0.96 and a one year high of $2.40. The business's fifty day moving average is $2.03 and its two-hundred day moving average is $1.84.

Vizsla Silver (NYSE:VZLA - Get Free Report) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). On average, equities analysts predict that Vizsla Silver Corp. will post -0.04 earnings per share for the current fiscal year.

Vizsla Silver 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.