Americas Gold and Silver Corporation $USAS Shares Newly Bought by U S Global Investors Inc.

U S Global Investors Inc. bought a new stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,600,000 shares of the company’s stock, valued at approximately $11,397,000. Americas Gold and Silver accounts for 1.1% of U S Global Investors Inc.’s portfolio, making the stock its 23rd biggest holding.

Several other institutional investors also recently bought and sold shares of USAS. Arrowstreet Capital Limited Partnership grew its position in Americas Gold and Silver by 554.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after acquiring an additional 3,813,582 shares during the last quarter. Gabelli Funds LLC increased its stake in Americas Gold and Silver by 14,000.0% in the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after purchasing an additional 2,100,000 shares during the period. The Manufacturers Life Insurance Company lifted its position in Americas Gold and Silver by 16.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock valued at $9,043,000 after purchasing an additional 248,877 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Americas Gold and Silver in the first quarter valued at approximately $5,468,000. Finally, Hollencrest Capital Management lifted its position in Americas Gold and Silver by 11.2% in the first quarter. Hollencrest Capital Management now owns 811,045 shares of the company’s stock valued at $4,234,000 after purchasing an additional 81,494 shares during the last quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on USAS. National Bank Financial started coverage on Americas Gold and Silver in a research note on Thursday, October 8th. They set an “outperform” rating for the company. Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver in a research note on Wednesday, October 14th. They issued a “buy” rating on the stock. Zacks Research downgraded shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, HC Wainwright reiterated a “buy” rating and set a $9.25 price target on shares of Americas Gold and Silver in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Americas Gold and Silver Stock Performance

Americas Gold and Silver stock opened at $3.19 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $4.77 and a 200-day moving average of $5.10. The firm has a market cap of $1.08 billion, a P/E ratio of -16.79 and a beta of 0.96. Americas Gold and Silver Corporation has a 1-year low of $3.16 and a 1-year high of $10.50.

Americas Gold and Silver Profile

Americas Gold and Silver Corporation is a precious metals mining company focused primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

The company’s principal producing assets include the Galena Complex in Idaho, which is an underground silver-lead mining operation, and the Cosalá Operations in Sinaloa, Mexico. The Cosalá complex includes the San Rafael mine and associated processing infrastructure.