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

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) saw some unusual options trading activity on Thursday. Stock traders acquired 10,470 call options on the company. This is an increase of approximately 139% compared to the typical volume of 4,375 call options.

Hedge Funds Weigh In On Vizsla Silver

A number of institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vizsla Silver during the fourth quarter valued at $5,470,000. JPMorgan Chase & Co. lifted its holdings in Vizsla Silver by 138.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 250,145 shares of the company’s stock valued at $1,081,000 after purchasing an additional 145,434 shares in the last quarter. Swiss Life Asset Management Ltd acquired a new position in shares of Vizsla Silver in the third quarter valued at approximately $53,000. Tidal Investments LLC boosted its position in Vizsla Silver by 72.8% during the third quarter. Tidal Investments LLC now owns 14,435,320 shares of the company’s stock worth $62,361,000 after acquiring an additional 6,080,923 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. grew its stake in Vizsla Silver by 43.1% in the 3rd quarter. Susquehanna Advisors Group Inc. now owns 76,000 shares of the company’s stock worth $328,000 after acquiring an additional 22,900 shares during the period. 22.46% of the stock is owned by institutional investors and hedge funds.

Vizsla Silver Stock Down 1.5%

Shares of Vizsla Silver stock traded down $0.09 on Friday, hitting $5.89. The company’s stock had a trading volume of 1,868,543 shares, compared to its average volume of 6,908,538. The company has a market capitalization of $2.03 billion, a P/E ratio of -146.60 and a beta of 0.94. Vizsla Silver has a 52-week low of $1.69 and a 52-week high of $6.08. The firm has a fifty day moving average price of $5.14 and a 200-day moving average price of $4.20.

Analyst Upgrades and Downgrades

VZLA has been the subject of several research analyst reports. Cantor Fitzgerald initiated coverage on Vizsla Silver in a research note on Monday, December 22nd. They set a “buy” rating and a $7.00 target price for the company. Roth Capital increased their price objective on shares of Vizsla Silver from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Vizsla Silver in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $7.00.

Vizsla Silver Company Profile

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.