Amundi Buys 1,250,000 Shares of 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 grew its holdings in shares of Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 125.0% in the first quarter, according to its most recent Form 13F filing 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 0.77% of Vizsla Silver worth $4,838,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VZLA. D.A. Davidson & CO. purchased a new position in Vizsla Silver in the first quarter valued at about $227,000. Alps Advisors Inc. increased its holdings in Vizsla Silver by 954.6% during the 1st quarter. Alps Advisors Inc. now owns 969,071 shares of the company's stock worth $2,200,000 after acquiring an additional 877,177 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Vizsla Silver by 7.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company's stock worth $376,000 after buying an additional 10,975 shares during the last quarter. Ninepoint Partners LP bought a new position in shares of Vizsla Silver during the 1st quarter valued at about $2,653,000. Finally, Two Sigma Investments LP bought a new stake in Vizsla Silver in the 4th quarter worth approximately $731,000. 22.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. National Bank Financial raised shares of Vizsla Silver to a "strong-buy" rating in a research note on Thursday, June 26th. Zacks Research cut shares of Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Roth Capital reaffirmed a "buy" rating on shares of Vizsla Silver in a report on Monday. 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 company. Based on data from MarketBeat.com, Vizsla Silver has an average rating of "Buy" and a consensus price target of $3.25.

Vizsla Silver Stock Up 2.2%

VZLA stock opened at $3.75 on Thursday. Vizsla Silver Corp. has a 52 week low of $1.67 and a 52 week high of $3.92. The company has a fifty day simple moving average of $3.33 and a two-hundred day simple moving average of $2.77. The firm has a market capitalization of $1.28 billion, a P/E ratio of -375.00 and a beta of 0.94.

Vizsla Silver Profile

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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