Royal Bank of Canada Boosts Stake in Vizsla Silver Corp.
Royal Bank of Canada has significantly increased its stake in Vizsla Silver Corp. (NYSEAMERICAN:VZLA) by 38.4% during the first quarter, according to its most recent SEC filing. The fund now owns approximately 3,890,559 shares of the company's stock, valued at $12,839,000.
This is not an isolated instance of increased interest in Vizsla Silver. Other large investors have also boosted their holdings in the company. Millennium Management LLC grew its position by 1,165.0% during the first quarter, while JPMorgan Chase & Co. lifted its holdings by 95.4% during the second quarter.
Vizsla Silver is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. Its flagship Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.