Amundi Raises Stock Holdings in Vizsla Silver Corp. $VZLA

Key Points

• Amundi increased its holdings in Vizsla Silver Corp. by 125%, acquiring an additional 1,250,000 shares, bringing its total ownership to 2,250,000 shares valued at approximately $4.84 million.
• Several institutional investors have also modified their stakes in Vizsla Silver, with acquisitions such as Alps Advisors Inc. increasing its holdings by 954.6% during the first quarter.
• Analysts have varying ratings for Vizsla Silver, with a consensus average rating of "Buy" and a price target of $3.25, although recently, Zacks Research downgraded the stock from "strong-buy" to "hold."

Amundi boosted its position in Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 125.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,250,000 shares of the company's stock after buying an additional 1,250,000 shares during the quarter. Amundi owned approximately 0.77% of Vizsla Silver worth $4,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp grew its stake in shares of Vizsla Silver by 83.7% during the 1st quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock worth $17,482,000 after acquiring an additional 3,484,743 shares during the period. Jupiter Asset Management Ltd. raised its stake in Vizsla Silver by 37.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 7,468,218 shares of the company's stock valued at $17,072,000 after acquiring an additional 2,043,880 shares during the period. Ninepoint Partners LP purchased a new stake in Vizsla Silver during the first quarter valued at about $2,653,000. Sprott Inc. boosted its position in Vizsla Silver by 3.9% during the first quarter. Sprott Inc. now owns 23,703,712 shares of the company's stock worth $54,084,000 after purchasing an additional 898,246 shares during the period. Finally, Alps Advisors Inc. increased its stake in shares of Vizsla Silver by 954.6% in the first quarter. Alps Advisors Inc. now owns 969,071 shares of the company's stock worth $2,200,000 after purchasing an additional 877,177 shares in the last quarter. Hedge funds and other institutional investors own 22.46% of the company's stock.

Vizsla Silver Trading Down 4.5%

Shares of VZLA traded down $0.18 during mid-day trading on Tuesday, reaching $3.81. 3,532,287 shares of the stock traded hands, compared to its average volume of 3,044,902. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -381.00 and a beta of 0.94. Vizsla Silver Corp. has a 1 year low of $1.67 and a 1 year high of $4.00. The firm has a fifty day moving average price of $3.40 and a 200 day moving average price of $2.83.

Analyst Ratings Changes

A number of analysts recently commented on VZLA shares. Zacks Research cut shares of Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Roth Capital restated a "buy" rating on shares of Vizsla Silver in a research report on Monday, September 8th. Finally, National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $3.25.

About Vizsla Silver

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.