104,700 Shares in Americas Gold and Silver Corporation $USAS Bought by Lido Advisors LLC

Lido Advisors LLC acquired a new stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 104,700 shares of the company’s stock, valued at approximately $85,000.

Several other large investors have also recently made changes to their positions in USAS. Quadrature Capital Ltd bought a new stake in shares of Americas Gold and Silver during the 2nd quarter worth $603,000. Fiducient Advisors LLC purchased a new stake in Americas Gold and Silver during the second quarter worth about $81,000. JPMorgan Chase & Co. raised its position in Americas Gold and Silver by 15.7% in the second quarter. JPMorgan Chase & Co. now owns 955,284 shares of the company’s stock worth $772,000 after acquiring an additional 129,919 shares during the period. NewGen Equity Long Short Fund bought a new stake in Americas Gold and Silver in the second quarter worth about $25,927,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Americas Gold and Silver by 75.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,135,900 shares of the company’s stock valued at $918,000 after acquiring an additional 487,400 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Americas Gold and Silver Stock Performance

NYSEAMERICAN USAS opened at $4.95 on Wednesday. The firm has a market cap of $1.35 billion, a P/E ratio of -19.04 and a beta of 0.66. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $4.16 and its 200-day moving average is $3.03. Americas Gold and Silver Corporation has a 12-month low of $0.87 and a 12-month high of $5.12.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on USAS. HC Wainwright restated a “buy” rating and set a $4.90 price target (up previously from $3.40) on shares of Americas Gold and Silver in a research note on Tuesday, November 11th. Desjardins began coverage on Americas Gold and Silver in a report on Friday, September 26th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $4.90.

About Americas Gold and Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.