Renaissance Technologies LLC Purchases Shares of 1,047,500 Americas Gold and Silver Corporation $USAS

Renaissance Technologies LLC acquired a new stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,047,500 shares of the company’s stock, valued at approximately $5,468,000.

Several other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Americas Gold and Silver by 273,321.1% in the 4th 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 during the period. NewEdge Advisors LLC bought a new position in Americas Gold and Silver during the first quarter worth about $59,000. Jane Street Group LLC grew its holdings in Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock worth $92,000 after purchasing an additional 48,616 shares during the period. NewGen Equity Long Short Fund acquired a new position in Americas Gold and Silver during the second quarter worth approximately $25,927,000. Finally, JPMorgan Chase & Co. increased its position in Americas Gold and Silver by 15.7% during the second quarter. JPMorgan Chase & Co. now owns 955,284 shares of the company’s stock worth $772,000 after buying an additional 129,919 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Americas Gold and Silver Stock Performance

NYSEAMERICAN USAS opened at $4.81 on Thursday. The firm has a 50-day moving average of $4.75 and a 200-day moving average of $6.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68. The stock has a market cap of $1.63 billion, a PE ratio of -21.86 and a beta of 0.95. Americas Gold and Silver Corporation has a 52-week low of $2.18 and a 52-week high of $10.50.

Analysts Set New Price Targets

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