2,600,000 Shares of Americas Gold and Silver Corporation $USAS Bought by U S Global Investors Inc.

Key Points

• U S Global Investors acquired 2.6 million shares of Americas Gold and Silver in the third quarter, worth approximately $11.4 million. The stake represents about 0.77% of the company and 1.1% of U S Global’s portfolio.
• Institutional ownership stands at 13.38%, with several other investors recently initiating or increasing positions in the mining company.
• Analyst sentiment remains mostly positive, with six Buy ratings and one Sell rating, a “Moderate Buy” consensus, and a $9.25 average price target. However, shares opened at $3.19 after falling 11.4% and trading near their one-year low.

U S Global Investors Inc. purchased a new stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,600,000 shares of the company's stock, valued at approximately $11,397,000. Americas Gold and Silver comprises approximately 1.1% of U S Global Investors Inc.'s portfolio, making the stock its 23rd biggest position. U S Global Investors Inc. owned about 0.77% of Americas Gold and Silver at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new position in shares of Americas Gold and Silver during the third quarter worth about $29,000. State of Wyoming purchased a new stake in Americas Gold and Silver in the first quarter valued at approximately $43,000. Pictet Asset Management Holding SA raised its stake in Americas Gold and Silver by 22.0% in the first quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company's stock valued at $249,000 after purchasing an additional 8,636 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Americas Gold and Silver during the first quarter valued at approximately $46,000. Finally, Brookstone Capital Management bought a new stake in Americas Gold and Silver during the third quarter valued at approximately $46,000. Institutional investors own 13.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research cut shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a research note on Tuesday. National Bank Financial initiated coverage on shares of Americas Gold and Silver in a research report on Thursday, October 8th. They set an "outperform" rating on the stock. HC Wainwright reaffirmed a "buy" rating and set a $9.25 price objective on shares of Americas Gold and Silver in a report on Tuesday. Finally, Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver in a research report on Wednesday, October 14th. They issued a "buy" rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.25.

Americas Gold and Silver Stock Down 11.4%

Shares of NYSEAMERICAN USAS opened at $3.19 on Friday. The stock has a market capitalization of $1.08 billion, a P/E ratio of -16.79 and a beta of 0.96. Americas Gold and Silver Corporation has a one year low of $3.16 and a one year high of $10.50. The firm's 50 day simple moving average is $4.77 and its two-hundred day simple moving average is $5.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41.

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.

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