Vizsla Silver Sees Unusually High Options Volume (NYSEAMERICAN:VZLA)

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the target of some unusual options trading activity on Monday. Stock investors acquired 5,147 put options on the company. This represents an increase of 23% compared to the average volume of 4,187 put options.

Vizsla Silver Price Performance

VZLA stock opened at $5.50 on Tuesday. The company has a 50 day moving average price of $4.70 and a 200 day moving average price of $3.99. Vizsla Silver has a fifty-two week low of $1.67 and a fifty-two week high of $5.95. The stock has a market capitalization of $1.89 billion, a PE ratio of -137.50 and a beta of 0.94.

Hedge Funds Weigh In On Vizsla Silver

Hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new stake in Vizsla Silver in the second quarter worth about $24,562,000. Bank of America Corp DE lifted its holdings in Vizsla Silver by 274.5% in the second quarter. Bank of America Corp DE now owns 8,022,629 shares of the company’s stock valued at $23,587,000 after buying an additional 5,880,575 shares during the period. Waratah Capital Advisors Ltd. acquired a new position in Vizsla Silver in the second quarter valued at approximately $15,290,000. Fourth Sail Capital LP bought a new position in Vizsla Silver in the second quarter valued at approximately $12,736,000. Finally, Van ECK Associates Corp raised its position in shares of Vizsla Silver by 41.7% during the 3rd quarter. Van ECK Associates Corp now owns 13,587,661 shares of the company’s stock valued at $58,698,000 after acquiring an additional 4,001,170 shares during the last quarter. Institutional investors own 22.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Roth Capital raised their target price on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Cantor Fitzgerald assumed coverage on shares of Vizsla Silver in a research note on Monday, December 22nd. They set a “buy” rating and a $7.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Vizsla Silver currently has a consensus rating of “Buy” and a consensus price target of $5.75.

About Vizsla Silver

Vizsla Silver Corp. is a Canada-based mineral exploration and development company focused on high-grade silver projects in Mexico. The company holds a portfolio of properties in the Panuco District of Sinaloa, where it is advancing its flagship Panuco Project, among several other exploration targets. These assets cover prolific epithermal vein systems that have historically produced significant silver and base metals.

The Panuco Project encompasses multiple mineralized zones over a 17,000-hectare land package, where ongoing drilling campaigns have reported consistent high-grade silver intercepts.