Verde Servicos Internacionais S.A. Buys Shares of 110,000 Vizsla Silver Corp. $VZLA
Verde Servicos Internacionais S.A. has acquired 110,000 shares of Vizsla Silver Corp. (NYSEAMERICAN:VZLA) valued at approximately $323,000, as disclosed in its recent SEC filing. Other institutional investors, including Sprott Inc. and Mackenzie Financial Corp., have also increased their stakes in Vizsla Silver. The stock is currently trading at $4.50, with a market cap of $1.54 billion and a consensus rating of "Buy" from analysts. Vizsla Silver focuses on the exploration and development of precious and base metal assets in Mexico.
Verde Servicos Internacionais S.A. purchased a new position in Vizsla Silver Corp. (NYSEAMERICAN:VZLA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 110,000 shares of the company's stock, valued at approximately $323,000.
Several other large investors have also recently made changes to their positions in the company. Sprott Inc. raised its stake in Vizsla Silver by 3.9% in the 1st 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 during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Vizsla Silver by 83.7% during the first quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock worth $17,482,000 after buying an additional 3,484,743 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Vizsla Silver by 37.7% in the first quarter. Jupiter Asset Management Ltd. now owns 7,468,218 shares of the company's stock valued at $17,072,000 after buying an additional 2,043,880 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Vizsla Silver by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,053,156 shares of the company's stock worth $13,837,000 after buying an additional 638,184 shares in the last quarter. Finally, Millennium Management LLC lifted 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 worth $6,666,000 after buying an additional 2,700,887 shares in the last quarter. 22.46% of the stock is currently owned by hedge funds and other institutional investors.
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Vizsla Silver Price Performance
Shares of VZLA opened at $4.50 on Friday. Vizsla Silver Corp. has a 1-year low of $1.67 and a 1-year high of $4.88. The stock has a market cap of $1.54 billion, a PE ratio of -112.50 and a beta of 0.98. The firm has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $3.07.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Roth Capital reaffirmed a "buy" rating on shares of Vizsla Silver in a research note on Monday, September 8th. Zacks Research cut Vizsla Silver from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $3.25.
View Our Latest Stock Report on VZLA
About Vizsla Silver
(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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