WealthTrust Axiom LLC Sells 161,393 Shares of Americas Gold and Silver Corporation $USAS

WealthTrust Axiom LLC decreased its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 26.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 451,397 shares of the company’s stock after selling 161,393 shares during the period. WealthTrust Axiom LLC’s holdings in Americas Gold and Silver were worth $2,307,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in USAS. Hudson Bay Capital Management LP bought a new stake in Americas Gold and Silver during the third quarter valued at $42,000. B. Riley Wealth Advisors Inc. bought a new stake in Americas Gold and Silver during the second quarter valued at $46,000. Stone House Investment Management LLC boosted its stake in Americas Gold and Silver by 130.2% during the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after buying an additional 5,236 shares during the period. Truist Financial Corp bought a new stake in Americas Gold and Silver during the fourth quarter valued at $51,000. Finally, Gabelli Funds LLC boosted its stake in Americas Gold and Silver by 50.0% during the third quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after buying an additional 5,000 shares during the period. Institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Stock Performance

Shares of USAS stock opened at $5.28 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.68 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $5.91 and a two-hundred day moving average price of $6.37. Americas Gold and Silver Corporation has a 12-month low of $1.81 and a 12-month high of $10.50. The firm has a market cap of $1.73 billion, a P/E ratio of -24.00 and a beta of 0.86.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group assumed coverage on Americas Gold and Silver in a research note on Tuesday, February 24th. They set a “buy” rating for the company. BMO Capital Markets reissued an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. Finally, HC Wainwright reissued a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research note on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Americas Gold and Silver has a consensus rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Profile

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver and gold assets in North America. The company’s core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.