U S Global Investors Inc. Decreases Stock Holdings in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)

U S Global Investors Inc. lowered its position in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) by 60.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the company's stock after selling 600,000 shares during the period. U S Global Investors Inc. owned about 0.16% of Americas Gold and Silver worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of USAS. JPMorgan Chase & Co. bought a new position in Americas Gold and Silver in the 4th quarter worth $94,000. Cetera Investment Advisers raised its stake in shares of 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 buying an additional 19,696 shares during the period. Renaissance Technologies LLC lifted its position in shares of Americas Gold and Silver by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock valued at $457,000 after buying an additional 202,600 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Americas Gold and Silver during the 4th quarter valued at about $47,000. Finally, American Century Companies Inc. bought a new position in shares of Americas Gold and Silver during the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Stock Up 5.2%

NYSEAMERICAN:USAS traded up $0.04 on Tuesday, reaching $0.85. 2,425,225 shares of the company's stock traded hands, compared to its average volume of 1,190,587. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.37 and a current ratio of 0.52. The stock's 50-day moving average is $0.69. The stock has a market capitalization of $568.79 million, a price-to-earnings ratio of -6.54 and a beta of 0.54. Americas Gold and Silver Corporation has a 12 month low of $0.21 and a 12 month high of $0.90.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their price target on shares of Americas Gold and Silver from $0.90 to $1.00 and gave the company a "buy" rating in a report on Friday, March 28th.

Americas Gold and Silver Company Profile

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.