Verde Servicos Internacionais S.A. Buys Shares of 110,000 Vizsla Silver Corp. $VZLA

Key Points

• Verde Servicos Internacionais S.A. has acquired 110,000 shares of Vizsla Silver Corp., amounting to approximately $323,000, marking a new position in the company during the second quarter.
• Other large investors have increased their stakes in Vizsla Silver, with notable purchases by Sprott Inc., Mackenzie Financial Corp., and Millennium Management LLC.
• Analysts have mixed ratings for Vizsla Silver, with one saying it has a consensus rating of "Buy" and an average price target of $3.25, while some have downgraded their assessments.

Verde Servicos Internacionais S.A. purchased a new position in Vizsla Silver Corp. (NYSEAMERICAN:VZLA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 110,000 shares of the company's stock, valued at approximately $323,000.

Several other large investors have also recently made changes to their positions in the company. Sprott Inc. raised its stake in Vizsla Silver by 3.9% in the 1st quarter. Sprott Inc. now owns 23,703,712 shares of the company's stock valued at $54,084,000 after purchasing an additional 898,246 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Vizsla Silver by 83.7% during the first quarter. Mackenzie Financial Corp now owns 7,647,130 shares of the company's stock worth $17,482,000 after buying an additional 3,484,743 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Vizsla Silver by 37.7% in the first quarter. Jupiter Asset Management Ltd. now owns 7,468,218 shares of the company's stock valued at $17,072,000 after buying an additional 2,043,880 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Vizsla Silver by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,053,156 shares of the company's stock worth $13,837,000 after buying an additional 638,184 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Vizsla Silver by 1,165.0% in the first quarter. Millennium Management LLC now owns 2,932,731 shares of the company's stock worth $6,666,000 after buying an additional 2,700,887 shares in the last quarter. 22.46% of the stock is currently owned by hedge funds and other institutional investors.

Vizsla Silver Price Performance

Shares of VZLA opened at $4.50 on Friday. Vizsla Silver Corp. has a 1-year low of $1.67 and a 1-year high of $4.88. The stock has a market cap of $1.54 billion, a PE ratio of -112.50 and a beta of 0.98. The firm has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $3.07.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Roth Capital reaffirmed a "buy" rating on shares of Vizsla Silver in a research note on Monday, September 8th. Zacks Research cut Vizsla Silver from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, National Bank Financial upgraded Vizsla Silver to a "strong-buy" rating in a research report 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 assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus 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.

Want to see what other hedge funds are holding VZLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vizsla Silver Corp. (NYSEAMERICAN:VZLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.