Gamco Investors INC. ET AL Acquires 392,422 Shares of Americas Gold and Silver Corporation $USAS

Gamco Investors INC. ET AL lifted its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 115.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 731,462 shares of the company’s stock after purchasing an additional 392,422 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Americas Gold and Silver were worth $2,721,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of USAS. Bank of America Corp DE raised its stake in Americas Gold and Silver by 273,321.1% in the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after purchasing an additional 207,724 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Americas Gold and Silver in the 1st quarter worth approximately $59,000. Jane Street Group LLC increased its holdings in shares of Americas Gold and Silver by 38.9% in the 1st quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock worth $92,000 after buying an additional 48,616 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Americas Gold and Silver by 75.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,135,900 shares of the company’s stock worth $918,000 after buying an additional 487,400 shares during the last quarter. Finally, NewGen Equity Long Short Fund purchased a new stake in shares of Americas Gold and Silver during the 2nd quarter valued at $25,927,000. 13.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Canaccord Genuity Group started coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They set a “buy” rating on the stock. Finally, TD Securities assumed coverage on Americas Gold and Silver in a research note on Monday, February 9th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Performance

Shares of USAS stock opened at $8.17 on Tuesday. The company has a market capitalization of $2.62 billion, a P/E ratio of -31.42 and a beta of 0.53. Americas Gold and Silver Corporation has a fifty-two week low of $0.99 and a fifty-two week high of $10.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. The stock has a 50 day moving average price of $7.44 and a two-hundred day moving average price of $5.21.

Americas Gold and Silver Company 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.