MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Position in Vizsla Silver Corp. $VZLA

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vizsla Silver Corp. by 11.8%, owning over 6 million shares valued at approximately $13.8 million.
• The stock has been rated positively by various analysts, with a consensus rating of "Buy" and an average price target of $3.25.
• As of recent trading, Vizsla Silver's share price is $3.88, reflecting a gain of 3.5% for the day, with a market capitalization of $1.33 billion.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Vizsla Silver Corp. (NYSE:VZLA - Free Report) by 11.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,053,156 shares of the company's stock after purchasing an additional 638,184 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.06% of Vizsla Silver worth $13,837,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of VZLA. Raymond James Financial Inc. bought a new stake in shares of Vizsla Silver during the 4th quarter valued at about $188,000. Bank of America Corp DE boosted its stake in shares of Vizsla Silver by 57.4% during the 4th quarter. Bank of America Corp DE now owns 2,009,190 shares of the company's stock valued at $3,436,000 after purchasing an additional 733,054 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Vizsla Silver during the 4th quarter valued at about $99,000. Millennium Management LLC boosted its stake in shares of Vizsla Silver by 134.2% during the 4th quarter. Millennium Management LLC now owns 231,844 shares of the company's stock valued at $396,000 after purchasing an additional 132,842 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Vizsla Silver during the 4th quarter valued at about $731,000. Institutional investors own 22.46% of the company's stock.

Vizsla Silver Stock Down 0.8%

Vizsla Silver stock traded down $0.03 during trading hours on Friday, hitting $3.85. The stock had a trading volume of 3,205,986 shares, compared to its average volume of 3,042,363. The stock has a market capitalization of $1.32 billion, a P/E ratio of -385.00 and a beta of 0.94. Vizsla Silver Corp. has a 12-month low of $1.67 and a 12-month high of $4.00. The stock's 50-day moving average price is $3.35 and its 200-day moving average price is $2.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Vizsla Silver from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Roth Capital reissued a "buy" rating on shares of Vizsla Silver in a research note on Monday. Finally, National Bank Financial raised shares of Vizsla Silver to a "strong-buy" rating in a research note 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price 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.