Walleye Capital LLC Buys 370,683 Shares of Americas Gold and Silver Corporation $USAS

Walleye Capital LLC grew its position in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 110.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 706,630 shares of the company’s stock after purchasing an additional 370,683 shares during the quarter. Walleye Capital LLC’s holdings in Americas Gold and Silver were worth $3,689,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. State of Wyoming bought a new stake in shares of Americas Gold and Silver during the 1st quarter worth $43,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Americas Gold and Silver during the 2nd quarter worth about $46,000. Stone House Investment Management LLC lifted its stake in shares of Americas Gold and Silver by 130.2% in the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after buying an additional 5,236 shares during the period. Truist Financial Corp bought a new stake in shares of Americas Gold and Silver in the fourth quarter valued at about $51,000. Finally, Leonteq Securities AG acquired a new stake in Americas Gold and Silver during the first quarter worth about $56,000. 13.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. HC Wainwright restated a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research note on Friday, April 17th. BMO Capital Markets reissued an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Trading Down 2.9%

Shares of USAS stock opened at $4.06 on Friday. The firm has a fifty day moving average of $5.06 and a 200-day moving average of $6.27. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -18.45 and a beta of 0.91. Americas Gold and Silver Corporation has a 52-week low of $2.18 and a 52-week high of $10.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68.

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.