Vizsla Silver Corp. $VZLA Shares Acquired by Cubist Systematic Strategies LLC

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 increased its holdings in Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 534.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 370,837 shares of the company's stock after purchasing an additional 312,395 shares during the period. Cubist Systematic Strategies LLC owned 0.13% of Vizsla Silver worth $846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. purchased a new stake in shares of Vizsla Silver in the first quarter valued at $227,000. Alps Advisors Inc. grew its position in Vizsla Silver by 954.6% during the first quarter. Alps Advisors Inc. now owns 969,071 shares of the company's stock valued at $2,200,000 after acquiring an additional 877,177 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Vizsla Silver by 7.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 164,459 shares of the company's stock valued at $376,000 after acquiring an additional 10,975 shares during the period. Ninepoint Partners LP purchased a new stake in Vizsla Silver during the first quarter valued at about $2,653,000. Finally, Two Sigma Investments LP purchased a new stake in Vizsla Silver during the fourth quarter valued at about $731,000. Hedge funds and other institutional investors own 22.46% of the company's stock.

Analysts Set New Price Targets

VZLA has been the subject of a number of research reports. National Bank Financial raised Vizsla Silver to a "strong-buy" rating in a research report on Thursday, June 26th. Zacks Research downgraded Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Roth Capital reissued a "buy" rating on shares of Vizsla Silver in a research report on Monday. One equities research 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. Based on data from MarketBeat, Vizsla Silver currently has a consensus rating of "Buy" and a consensus target price of $3.25.

Vizsla Silver Price Performance

NYSE VZLA traded down $0.03 on Friday, reaching $3.85. The company had a trading volume of 3,206,118 shares, compared to its average volume of 3,042,375. The firm has a market capitalization of $1.32 billion, a PE ratio of -385.00 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 50-day moving average of $3.37 and a 200-day moving average of $2.80.

Vizsla Silver Company 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.