Forge First Asset Management Inc. Takes $9.68 Million Position in Vizsla Silver Corp. $VZLA

Forge First Asset Management Inc. acquired a new stake in Vizsla Silver Corp. (NYSEAMERICAN:VZLA) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,300,000 shares of the company’s stock, valued at approximately $9,675,000. Vizsla Silver makes up 3.5% of Forge First Asset Management Inc.’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in VZLA. Waratah Capital Advisors Ltd. purchased a new position in Vizsla Silver in the 2nd quarter valued at approximately $15,290,000. Fourth Sail Capital LP acquired a new stake in shares of Vizsla Silver in the second quarter valued at $12,736,000. Mackenzie Financial Corp boosted its holdings in Vizsla Silver by 83.7% in the first quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company’s stock valued at $17,482,000 after purchasing an additional 3,484,743 shares during the period. Millennium Management LLC grew its stake in Vizsla Silver by 1,165.0% during the 1st quarter. Millennium Management LLC now owns 2,932,731 shares of the company’s stock worth $6,666,000 after purchasing an additional 2,700,887 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in Vizsla Silver by 37.7% during the 1st quarter. Jupiter Asset Management Ltd. now owns 7,468,218 shares of the company’s stock worth $17,072,000 after purchasing an additional 2,043,880 shares during the period. 22.46% of the stock is currently owned by institutional investors and hedge funds.

Vizsla Silver Stock Performance

VZLA opened at $4.54 on Wednesday. Vizsla Silver Corp. has a one year low of $1.67 and a one year high of $5.07. The company has a market cap of $1.57 billion, a P/E ratio of -113.50 and a beta of 0.96. The business’s 50-day simple moving average is $4.25 and its 200-day simple moving average is $3.52.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Roth Capital lifted their price objective on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Zacks Research downgraded shares of Vizsla Silver from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $5.13.

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.