Traders Buy High Volume of Vizsla Silver Call Options (NYSEAMERICAN:VZLA)

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the recipient of unusually large options trading activity on Monday. Stock traders bought 46,270 call options on the stock. This is an increase of 761% compared to the typical volume of 5,375 call options.

Analyst Upgrades and Downgrades

VZLA has been the topic of several analyst reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. Cantor Fitzgerald began coverage on shares of Vizsla Silver in a report on Monday, December 22nd. They issued a “buy” rating and a $7.00 target price for the company. Finally, Roth Mkm upped their price target on shares of Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $7.00.

Vizsla Silver Stock Down 11.3%

Vizsla Silver stock opened at $4.08 on Tuesday. The firm has a fifty day moving average of $5.55 and a 200-day moving average of $4.53. Vizsla Silver has a 52-week low of $1.69 and a 52-week high of $7.19. The firm has a market capitalization of $1.43 billion, a P/E ratio of -102.00 and a beta of 0.94.

Institutional Investors Weigh In On Vizsla Silver

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its stake in shares of Vizsla Silver by 1,165.0% in the first quarter. Millennium Management LLC now owns 2,932,731 shares of the company’s stock valued at $6,666,000 after buying an additional 2,700,887 shares in the last quarter. TD Asset Management Inc boosted its holdings in Vizsla Silver by 9.5% in the 2nd quarter. TD Asset Management Inc now owns 334,031 shares of the company’s stock worth $984,000 after acquiring an additional 29,099 shares during the period. Privium Fund Management B.V. grew its position in Vizsla Silver by 30.3% in the second quarter. Privium Fund Management B.V. now owns 250,790 shares of the company’s stock valued at $732,000 after acquiring an additional 58,303 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Vizsla Silver by 115.0% during the second quarter. D.A. Davidson & CO. now owns 215,000 shares of the company’s stock valued at $632,000 after purchasing an additional 115,000 shares during the period. Finally, Cardinal Point Capital Management ULC acquired a new position in shares of Vizsla Silver during the second quarter worth $118,000. Hedge funds and other institutional investors own 22.46% of the company’s stock.

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.