663,040 Shares in Americas Gold and Silver Corporation $USAS Purchased by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments acquired 663,040 shares of Americas Gold and Silver in the third quarter, worth approximately $2.9 million and representing about 0.20% of the company.
• Several other institutional investors increased their positions, including Arrowstreet Capital, which expanded its holdings by 554.4%. Hedge funds and institutional investors collectively own 13.38% of USAS.
• USAS shares recently traded at $4.02, well below the consensus analyst price target of $9.25. Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and one Hold rating.

Montrusco Bolton Investments Inc. bought a new stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 663,040 shares of the company's stock, valued at approximately $2,914,000. Montrusco Bolton Investments Inc. owned about 0.20% of Americas Gold and Silver at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Americas Gold and Silver in the first quarter valued at $5,468,000. Walleye Capital LLC boosted its stake in Americas Gold and Silver by 110.3% during the 1st quarter. Walleye Capital LLC now owns 706,630 shares of the company's stock valued at $3,689,000 after acquiring an additional 370,683 shares during the last quarter. Gabelli Funds LLC boosted its stake in Americas Gold and Silver by 14,000.0% during the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company's stock valued at $11,040,000 after acquiring an additional 2,100,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings 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 worth $9,043,000 after acquiring an additional 248,877 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Americas Gold and Silver Stock Performance

Shares of NYSEAMERICAN USAS traded down $0.18 during trading on Tuesday, reaching $4.02. The stock had a trading volume of 3,173,992 shares, compared to its average volume of 5,445,986. Americas Gold and Silver Corporation has a one year low of $3.52 and a one year high of $10.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The stock has a market cap of $1.36 billion, a PE ratio of -21.16 and a beta of 0.96. The firm's 50 day moving average price is $4.97 and its two-hundred day moving average price is $5.20.

Wall Street Analysts Forecast Growth

USAS has been the subject of several research analyst reports. National Bank Financial started coverage on shares of Americas Gold and Silver in a research report on Thursday. They issued an "outperform" rating for the company. HC Wainwright reaffirmed a "buy" rating and set a $9.25 price target on shares of Americas Gold and Silver in a research report on Thursday, September 24th. Finally, Zacks Research raised shares of Americas Gold and Silver from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Americas Gold and Silver currently has an average rating of "Moderate Buy" and a consensus price target of $9.25.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a precious metals mining company focused on the acquisition, development, and operation of mineral properties in North America. Its production and exploration activities are primarily centered on silver, with additional exposure to lead, zinc, and other associated metals.

The company's principal assets include the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and related processing and infrastructure, while the Galena Complex is an underground silver-lead mining operation.

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