Americas Gold and Silver Corporation $USAS is Merk Investments LLC’s Largest Position

Merk Investments LLC decreased its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,392,000 shares of the company’s stock after selling 4,037,000 shares during the quarter. Americas Gold and Silver accounts for approximately 27.5% of Merk Investments LLC’s portfolio, making the stock its largest position. Merk Investments LLC owned about 0.06% of Americas Gold and Silver worth $101,225,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Deutsche Bank AG raised its stake in Americas Gold and Silver by 0.3% in the fourth quarter. Deutsche Bank AG now owns 591,646 shares of the company’s stock valued at $3,023,000 after purchasing an additional 1,867 shares in the last quarter. Gabelli Funds LLC grew its stake in Americas Gold and Silver by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock worth $56,000 after buying an additional 5,000 shares in the last quarter. Stone House Investment Management LLC grew its stake in Americas Gold and Silver by 130.2% in the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock worth $47,000 after buying an additional 5,236 shares in the last quarter. State of Wyoming bought a new position in shares of Americas Gold and Silver in the 1st quarter worth $43,000. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Americas Gold and Silver by 22.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock worth $249,000 after buying an additional 8,636 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on USAS. HC Wainwright restated a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research report on Friday, April 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver currently has a consensus rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Stock Performance

Shares of NYSEAMERICAN USAS opened at $3.88 on Wednesday. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -17.64 and a beta of 0.91. The company has a current ratio of 1.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. Americas Gold and Silver Corporation has a 1-year low of $2.18 and a 1-year high of $10.50. The stock’s 50-day moving average is $4.94 and its 200 day moving average is $6.24.

About Americas Gold and Silver

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.