K2 Principal Fund L.P. Makes New $160,000 Investment in Vizsla Silver Corp. (NYSE:VZLA)

K2 Principal Fund L.P. bought a new stake in Vizsla Silver Corp. (NYSE:VZLA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 89,200 shares of the company’s stock, valued at approximately $160,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new position in Vizsla Silver in the first quarter worth $46,000. DNB Asset Management AS acquired a new position in Vizsla Silver during the 2nd quarter worth $72,000. Corundum Trust Company INC bought a new position in Vizsla Silver in the 2nd quarter valued at $108,000. Oxbow Advisors LLC acquired a new stake in shares of Vizsla Silver in the 2nd quarter valued at $110,000. Finally, Marshall Wace LLP bought a new stake in shares of Vizsla Silver during the second quarter worth $407,000. 22.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VZLA. HC Wainwright lifted their price objective on Vizsla Silver from $3.50 to $3.75 and gave the stock a “buy” rating in a research report on Thursday, July 25th. CIBC boosted their price target on shares of Vizsla Silver from $3.50 to $4.50 and gave the stock an “outperformer” rating in a research note on Monday, July 29th.

Vizsla Silver Stock Down 1.8 %

NYSE:VZLA opened at $1.91 on Tuesday. Vizsla Silver Corp. has a 12-month low of $0.96 and a 12-month high of $2.21. The stock’s fifty day simple moving average is $1.94 and its 200-day simple moving average is $1.68. The firm has a market capitalization of $452.46 million, a P/E ratio of -38.10 and a beta of 0.99.

Vizsla Silver (NYSE:VZLA) last posted its earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). As a group, equities research analysts expect that Vizsla Silver Corp. will post -0.04 earnings per share for the current year.

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.