Vizsla Silver Target of Unusually High Options Trading (NYSEAMERICAN:VZLA)

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) was the target of some unusual options trading on Monday. Stock traders acquired 46,270 call options on the stock. This represents an increase of approximately 761% compared to the typical volume of 5,375 call options.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VZLA shares. Cantor Fitzgerald initiated coverage on shares of Vizsla Silver in a research report on Monday, December 22nd. They set a “buy” rating and a $7.00 target price on the stock. Roth Mkm boosted their price objective on Vizsla Silver from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Vizsla Silver in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Vizsla Silver currently has a consensus rating of “Buy” and an average target price of $7.00.

Institutional Investors Weigh In On Vizsla Silver

Several hedge funds have recently made changes to their positions in VZLA. Sprott Inc. increased its holdings in Vizsla Silver by 1.4% in the third quarter. Sprott Inc. now owns 22,851,053 shares of the company’s stock valued at $98,691,000 after buying an additional 306,900 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Vizsla Silver by 9.3% in the 2nd quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock worth $45,146,000 after acquiring an additional 1,306,000 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Vizsla Silver by 72.8% in the 3rd quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock valued at $62,361,000 after acquiring an additional 6,080,923 shares during the last quarter. 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vizsla Silver by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after purchasing an additional 3,139,086 shares during the last quarter. Institutional investors and hedge funds own 22.46% of the company’s stock.

Vizsla Silver Stock Down 10.5%

Shares of NYSEAMERICAN VZLA traded down $0.49 during midday trading on Monday, hitting $4.12. The company had a trading volume of 14,613,136 shares, compared to its average volume of 10,291,704. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -103.28 and a beta of 0.94. Vizsla Silver has a twelve month low of $1.69 and a twelve month high of $7.19. The business has a 50-day simple moving average of $5.57 and a two-hundred day simple moving average of $4.52.

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.