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Alps Advisors Inc. Acquires 1,513,968 Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)

Americas Gold and Silver logo with Basic Materials background

Alps Advisors Inc. increased its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) by 1,587.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.65% of Americas Gold and Silver worth $848,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in USAS. HighTower Advisors LLC bought a new position in Americas Gold and Silver in the fourth quarter worth approximately $47,000. American Century Companies Inc. bought a new position in Americas Gold and Silver in the fourth quarter worth approximately $73,000. Bank of America Corp DE boosted its holdings in Americas Gold and Silver by 273,321.1% in the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock worth $78,000 after acquiring an additional 207,724 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Americas Gold and Silver in the fourth quarter worth approximately $94,000. Finally, Cetera Investment Advisers boosted its holdings in Americas Gold and Silver by 4.8% in the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock worth $167,000 after acquiring an additional 19,696 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Analyst Ratings Changes

Separately, HC Wainwright restated a "buy" rating and issued a $1.30 target price (up previously from $1.00) on shares of Americas Gold and Silver in a report on Thursday, July 10th.

Read Our Latest Analysis on Americas Gold and Silver

Americas Gold and Silver Stock Performance

NYSEAMERICAN:USAS traded up $0.03 during trading hours on Thursday, reaching $0.95. The stock had a trading volume of 1,552,726 shares, compared to its average volume of 1,261,676. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $0.77. Americas Gold and Silver Corporation has a 12-month low of $0.21 and a 12-month high of $1.07. The firm has a market capitalization of $635.64 million, a PE ratio of -7.31 and a beta of 0.62.

About Americas Gold and Silver

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Americas Gold and Silver (NYSEAMERICAN:USAS)

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