Montrusco Bolton Investments Inc. Acquires Shares of 2,668,549 Americas Gold and Silver Corporation $USAS

Montrusco Bolton Investments Inc. acquired a new stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,668,549 shares of the company’s stock, valued at approximately $9,954,000.

A number of other institutional investors and hedge funds have also made changes to their positions in USAS. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 buying an additional 487,400 shares in the last quarter. Fiducient Advisors LLC bought a new stake in Americas Gold and Silver during the second quarter worth approximately $81,000. Waratah Capital Advisors Ltd. bought a new stake in Americas Gold and Silver during the third quarter worth approximately $645,000. Quadrature Capital Ltd purchased a new stake in Americas Gold and Silver during the second quarter valued at approximately $603,000. Finally, Lido Advisors LLC bought a new stake in shares of Americas Gold and Silver in the 2nd quarter valued at approximately $85,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USAS has been the subject of a number of recent analyst reports. TD Securities initiated coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They set a “buy” rating for the company. HC Wainwright restated a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group initiated coverage on Americas Gold and Silver in a research report on Tuesday. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Price Performance

Shares of NYSEAMERICAN:USAS opened at $8.92 on Thursday. Americas Gold and Silver Corporation has a twelve month low of $0.99 and a twelve month high of $10.50. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. The company has a market cap of $2.85 billion, a PE ratio of -34.31 and a beta of 0.58. The company’s 50 day moving average is $6.90 and its 200 day moving average is $4.82.

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.