Americas Gold and Silver Corporation $USAS Shares Sold by NewGen Asset Management Ltd

NewGen Asset Management Ltd trimmed its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 33.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,200,000 shares of the company’s stock after selling 3,085,312 shares during the period. Americas Gold and Silver comprises 19.6% of NewGen Asset Management Ltd’s holdings, making the stock its largest holding. NewGen Asset Management Ltd’s holdings in Americas Gold and Silver were worth $31,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USAS. NewGen Equity Long Short Fund purchased a new stake in shares of Americas Gold and Silver during the second quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Americas Gold and Silver in the 2nd quarter valued at approximately $10,574,000. Montrusco Bolton Investments Inc. acquired a new stake in Americas Gold and Silver in the 3rd quarter worth approximately $9,954,000. Alps Advisors Inc. grew its position in Americas Gold and Silver by 62.9% during the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after purchasing an additional 2,267,956 shares during the last quarter. Finally, Tidal Investments LLC grew 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 purchasing an additional 2,000,563 shares during the last quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Americas Gold and Silver Price Performance

Shares of NYSEAMERICAN:USAS opened at $5.76 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. Americas Gold and Silver Corporation has a twelve month low of $1.81 and a twelve month high of $10.50. The company’s 50 day moving average is $5.91 and its 200 day moving average is $6.38. The company has a market cap of $1.88 billion, a PE ratio of -26.18 and a beta of 0.86.

Analyst Ratings Changes

A number of brokerages have issued reports on USAS. Canaccord Genuity Group initiated coverage on shares of Americas Gold and Silver in a research note on Tuesday, February 24th. They set a “buy” rating on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Finally, HC Wainwright reissued a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $9.75.

About Americas Gold and Silver

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.