334,700 Shares in Americas Gold and Silver Corporation $USAS Bought by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL has acquired 334,700 shares of Americas Gold and Silver Corporation (USAS), valued at approximately $176,000, marking their new position in the company.
• Wall Street analysts, particularly HC Wainwright, have issued a "buy" rating for USAS, with a revised target price of $3.25.
• Americas Gold and Silver Corporation's stock has increased by 6.2% and currently has a market capitalization of $735.05 million, with a twelve month low of $0.55 and high of $2.85.

Gamco Investors INC. ET AL acquired a new stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 334,700 shares of the company's stock, valued at approximately $176,000. Gamco Investors INC. ET AL owned 0.14% of Americas Gold and Silver at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. NewGen Asset Management Ltd increased its stake in shares of Americas Gold and Silver by 447.7% in the 1st quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock worth $16,664,000 after acquiring an additional 25,837,788 shares in the last quarter. Sprott Inc. lifted its holdings in shares of Americas Gold and Silver by 5.2% during the first quarter. Sprott Inc. now owns 5,757,602 shares of the company's stock valued at $3,081,000 after purchasing an additional 285,500 shares during the last quarter. Intact Investment Management Inc. purchased a new position in shares of Americas Gold and Silver during the first quarter valued at approximately $2,819,000. Mackenzie Financial Corp bought a new stake in shares of Americas Gold and Silver in the 1st quarter worth approximately $1,677,000. Finally, Alps Advisors Inc. grew its stake in shares of Americas Gold and Silver by 1,587.0% in the 1st quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company's stock worth $848,000 after buying an additional 1,513,968 shares during the last quarter. Institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Stock Down 4.3%

USAS traded down $0.12 during trading hours on Thursday, reaching $2.70. 693,952 shares of the company's stock traded hands, compared to its average volume of 648,177. The company's 50-day moving average price is $2.42. The firm has a market capitalization of $726.98 million, a price-to-earnings ratio of -8.31 and a beta of 0.63. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.14 and a quick ratio of 1.03. Americas Gold and Silver Corporation has a 52-week low of $0.58 and a 52-week high of $2.89.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a "buy" rating and set a $3.25 price target (up from $2.50) on shares of Americas Gold and Silver in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $3.25.

About Americas Gold and Silver

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.