Vizsla Silver Corp. (NYSE:VZLA) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its position in Vizsla Silver Corp. (NYSE:VZLA) by 17.2% during the fourth quarter, Holdings Channel reports. The firm owned 827,922 shares of the company’s stock after selling 172,078 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vizsla Silver were worth $1,401,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of VZLA. Quantbot Technologies LP boosted its stake in shares of Vizsla Silver by 19.1% in the fourth quarter. Quantbot Technologies LP now owns 56,819 shares of the company’s stock worth $97,000 after buying an additional 9,102 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Vizsla Silver in the third quarter worth about $38,000. Heck Capital Advisors LLC purchased a new stake in shares of Vizsla Silver in the fourth quarter worth about $36,000. Diametric Capital LP boosted its stake in shares of Vizsla Silver by 35.3% in the fourth quarter. Diametric Capital LP now owns 163,091 shares of the company’s stock worth $275,000 after buying an additional 42,586 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Vizsla Silver during the fourth quarter worth approximately $188,000. 22.46% of the stock is owned by institutional investors and hedge funds.

Vizsla Silver Stock Performance

NYSE:VZLA opened at $2.28 on Tuesday. Vizsla Silver Corp. has a one year low of $1.46 and a one year high of $2.47. The stock has a market cap of $669.88 million, a PE ratio of -228.00 and a beta of 0.76. The stock has a 50 day moving average price of $2.17 and a 200 day moving average price of $2.02.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VZLA shares. BMO Capital Markets started coverage on Vizsla Silver in a research report on Friday, January 24th. They set an “outperform” rating on the stock. Raymond James restated an “outperform” rating on shares of Vizsla Silver in a research report on Friday, April 4th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $3.83.

About Vizsla Silver

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.