Stock Traders Purchase High Volume of Call Options on Vizsla Silver (NYSEAMERICAN:VZLA)

by · The Markets Daily

Vizsla Silver Corp. (NYSEAMERICAN:VZLA – Get Free Report) was the target of unusually large options trading activity on Monday. Traders purchased 7,895 call options on the stock. This is an increase of 108% compared to the average daily volume of 3,789 call options.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VZLA shares. Roth Capital raised their target price on Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Zacks Research downgraded Vizsla Silver from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $5.13.

Check Out Our Latest Research Report on Vizsla Silver

Vizsla Silver Stock Up 1.0%

VZLA stock traded up $0.05 during midday trading on Monday, reaching $5.23. The company’s stock had a trading volume of 1,090,754 shares, compared to its average volume of 3,648,928. The business’s 50-day simple moving average is $4.52 and its 200-day simple moving average is $3.82. Vizsla Silver has a 52 week low of $1.67 and a 52 week high of $5.61. The stock has a market cap of $1.81 billion, a PE ratio of -130.85 and a beta of 0.94.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sprott Inc. lifted its holdings in shares of Vizsla Silver by 3.9% in the first quarter. Sprott Inc. now owns 23,703,712 shares of the company’s stock valued at $54,084,000 after purchasing an additional 898,246 shares in the last quarter. Franklin Resources Inc. raised its position in Vizsla Silver by 9.3% in the 2nd quarter. Franklin Resources Inc. now owns 15,291,000 shares of the company’s stock valued at $45,146,000 after buying an additional 1,306,000 shares during the last quarter. Tidal Investments LLC raised its position in 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 buying an additional 6,080,923 shares during the last quarter. Van ECK Associates Corp lifted its stake in Vizsla Silver by 41.7% in 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. boosted its position in Vizsla Silver by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,395,079 shares of the company’s stock worth $49,220,000 after acquiring an additional 3,139,086 shares during the last quarter. Institutional investors and hedge funds own 22.46% of the company’s stock.

About Vizsla Silver

(Get Free Report)

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.

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