NewGen Asset Management Ltd acquired a new position in Americas Silver Corp (NYSEAMERICAN:USAS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,771,212 shares of the company's stock, valued at approximately $2,206,000. Americas Silver comprises approximately 2.0% of NewGen Asset Management Ltd's investment portfolio, making the stock its 18th largest holding. NewGen Asset Management Ltd owned about 2.33% of Americas Silver at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in shares of Americas Silver during the fourth quarter valued at approximately $47,000. American Century Companies Inc. purchased a new position in shares of Americas Silver during the fourth quarter valued at $73,000. JPMorgan Chase & Co. acquired a new position in Americas Silver during the fourth quarter valued at $94,000. Alpha Cubed Investments LLC purchased a new stake in Americas Silver in the 4th quarter worth about $274,000. Finally, U S Global Investors Inc. acquired a new stake in Americas Silver during the 4th quarter worth about $382,000. 13.38% of the stock is currently owned by institutional investors.
Americas Silver Trading Down 1.3 %
NYSEAMERICAN USAS traded down $0.01 during trading on Friday, hitting $0.57. 789,233 shares of the company traded hands, compared to its average volume of 1,059,913. Americas Silver Corp has a 12 month low of $0.21 and a 12 month high of $0.65. The business's fifty day simple moving average is $0.52. The company has a market cap of $141.96 million, a P/E ratio of -3.19 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.42 and a quick ratio of 0.28.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Cormark upgraded Americas Silver to a "moderate buy" rating in a report on Thursday, January 23rd. HC Wainwright boosted their target price on shares of Americas Silver from $0.90 to $1.00 and gave the stock a "buy" rating in a research report on Friday, March 28th.
Check Out Our Latest Stock Report on Americas Silver
Americas Silver Profile
(
Free Report)
Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.
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