Cubist Systematic Strategies LLC Has $846,000 Stake in Vizsla Silver Corp. $VZLA

Key Points

• Cubist Systematic Strategies LLC significantly increased its holdings in Vizsla Silver Corp. by 534.5% during the first quarter, now owning approximately 0.13% of the company's stock valued at $846,000.
• Multiple institutional investors, including Sprott Inc. and Mackenzie Financial Corp., also expanded their stakes in Vizsla Silver, indicating strong interest from hedge funds in the company.
• Analysts have mixed ratings on Vizsla Silver, with Zacks downgrading it to a "hold" while others maintain a "buy" rating, reflecting market confidence despite varying opinions.

Cubist Systematic Strategies LLC boosted its holdings in shares of Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 534.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 370,837 shares of the company's stock after purchasing an additional 312,395 shares during the period. Cubist Systematic Strategies LLC owned about 0.13% of Vizsla Silver worth $846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VZLA. Raymond James Financial Inc. bought a new stake in Vizsla Silver during the fourth quarter worth $188,000. Bank of America Corp DE lifted its stake in Vizsla Silver by 57.4% during the fourth quarter. Bank of America Corp DE now owns 2,009,190 shares of the company's stock worth $3,436,000 after purchasing an additional 733,054 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vizsla Silver by 5.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,414,972 shares of the company's stock worth $9,149,000 after purchasing an additional 283,052 shares during the last quarter. Millennium Management LLC lifted its stake in Vizsla Silver by 134.2% during the fourth quarter. Millennium Management LLC now owns 231,844 shares of the company's stock worth $396,000 after purchasing an additional 132,842 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in Vizsla Silver during the fourth quarter worth $731,000. 22.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on VZLA. National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating in a research note on Thursday, June 26th. Roth Capital restated a "buy" rating on shares of Vizsla Silver in a research note on Monday, September 8th. Finally, Zacks Research cut Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $3.25.

Vizsla Silver Price Performance

NYSE VZLA traded up $0.14 on Monday, reaching $3.99. The company had a trading volume of 3,007,222 shares, compared to its average volume of 3,042,185. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -399.00 and a beta of 0.94. Vizsla Silver Corp. has a fifty-two week low of $1.67 and a fifty-two week high of $4.00. The business has a 50 day moving average of $3.38 and a two-hundred day moving average of $2.82.

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.