Alps Advisors Inc. Has $848,000 Stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)

Alps Advisors Inc. boosted its position in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) by 1,587.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,609,368 shares of the company's stock after purchasing an additional 1,513,968 shares during the period. Alps Advisors Inc. owned 0.65% of Americas Gold and Silver worth $848,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. NewGen Asset Management Ltd lifted its position in shares of Americas Gold and Silver by 447.7% in the first quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock worth $16,664,000 after purchasing an additional 25,837,788 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Americas Gold and Silver during the first quarter worth approximately $2,819,000. JPMorgan Chase & Co. acquired a new stake in shares of Americas Gold and Silver during the fourth quarter worth approximately $94,000. Bank of America Corp DE boosted its holdings in shares of Americas Gold and Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock worth $78,000 after purchasing an additional 207,724 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Americas Gold and Silver by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock worth $457,000 after purchasing an additional 202,600 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised their price target on shares of Americas Gold and Silver from $1.00 to $1.30 and gave the stock a "buy" rating in a report on Thursday.

Americas Gold and Silver Trading Up 5.2%

Shares of USAS stock opened at $1.04 on Monday. Americas Gold and Silver Corporation has a 1 year low of $0.21 and a 1 year high of $1.05. The business's fifty day moving average is $0.74. The company has a market capitalization of $695.93 million, a price-to-earnings ratio of -8.00 and a beta of 0.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.52 and a quick ratio of 0.37.

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.

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