TD Asset Management Inc Makes New $819,000 Investment in Americas Gold and Silver Corporation $USAS

TD Asset Management Inc purchased a new stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 219,515 shares of the company’s stock, valued at approximately $819,000. TD Asset Management Inc owned approximately 0.08% of Americas Gold and Silver at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewGen Equity Long Short Fund purchased a new stake in shares of Americas Gold and Silver during the second quarter valued at $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Americas Gold and Silver in the 2nd quarter worth $10,574,000. Tidal Investments LLC lifted its position in Americas Gold and Silver by 56.0% during the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock worth $4,500,000 after acquiring an additional 2,000,563 shares during the period. Bank of America Corp DE lifted its position in Americas Gold and Silver by 38.6% during the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company’s stock worth $2,521,000 after acquiring an additional 869,500 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Americas Gold and Silver by 75.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,135,900 shares of the company’s stock valued at $918,000 after purchasing an additional 487,400 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Stock Performance

NYSEAMERICAN USAS opened at $8.21 on Friday. The firm has a market capitalization of $2.63 billion, a P/E ratio of -31.58 and a beta of 0.53. The stock has a 50-day simple moving average of $7.38 and a two-hundred day simple moving average of $5.13. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. Americas Gold and Silver Corporation has a fifty-two week low of $0.99 and a fifty-two week high of $10.50.

Analyst Ratings Changes

A number of brokerages have recently weighed in on USAS. Canaccord Genuity Group assumed coverage on Americas Gold and Silver in a report on Tuesday, February 24th. They issued a “buy” rating on the stock. TD Securities assumed coverage on Americas Gold and Silver in a research report on Monday, February 9th. They issued a “buy” rating on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.