6,252,565 Shares of Americas Gold and Silver Corporation $USAS Acquired by Alps Advisors Inc.

Key Points

• Alps Advisors acquired 6,252,565 shares of Americas Gold and Silver in the third quarter, valued at about $27.3 million and representing roughly 1.85% of the company.
• Other institutional investors also reported purchases or increased holdings; institutional investors collectively own 13.38% of the company’s shares.
• Analyst views are mostly positive: six analysts rate USAS Buy and one Sell, giving it a consensus “Moderate Buy” rating and a $9.25 average price target.

Alps Advisors Inc. bought a new stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,252,565 shares of the company's stock, valued at approximately $27,261,000. Alps Advisors Inc. owned about 1.85% of Americas Gold and Silver as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Americas Gold and Silver by 554.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company's stock worth $23,498,000 after buying an additional 3,813,582 shares during the period. U S Global Investors Inc. purchased a new stake in shares of Americas Gold and Silver during the third quarter worth $11,397,000. Gabelli Funds LLC raised its position in Americas Gold and Silver by 14,000.0% during the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company's stock valued at $11,040,000 after purchasing an additional 2,100,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Americas Gold and Silver by 16.7% during the 1st 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. Finally, Renaissance Technologies LLC purchased a new stake in Americas Gold and Silver during the 1st quarter valued at about $5,468,000. Institutional investors own 13.38% of the company's stock.

Analyst Ratings Changes

USAS has been the topic of several research analyst reports. Stifel Nicolaus started coverage on Americas Gold and Silver in a research note on Wednesday, October 14th. They issued a "buy" rating on the stock. National Bank Financial started coverage on Americas Gold and Silver in a report on Thursday, October 8th. They set an "outperform" rating for the company. Zacks Research lowered shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 20th. Finally, HC Wainwright reiterated a "buy" rating and issued a $9.25 price target on shares of Americas Gold and Silver in a research report on Tuesday, October 20th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.25.

Americas Gold and Silver Price Performance

USAS stock opened at $3.09 on Friday. The firm has a 50 day moving average of $4.25 and a 200-day moving average of $5.61. The firm has a market capitalization of $1.04 billion, a P/E ratio of -16.26 and a beta of 0.98. Americas Gold and Silver Corporation has a 12 month low of $2.67 and a 12 month high of $10.50. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15.

About Americas Gold and Silver

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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