Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lowered its position in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) by 60.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new stake in Americas Gold and Silver in the fourth quarter valued at about $47,000. American Century Companies Inc. purchased a new position in Americas Gold and Silver in the fourth quarter valued at about $73,000. Bank of America Corp DE increased 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 valued at $78,000 after buying an additional 207,724 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Americas Gold and Silver in the fourth quarter valued at about $94,000. Finally, Cetera Investment Advisers increased 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 valued at $167,000 after buying an additional 19,696 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Americas Gold and Silver Stock Down 6.8%

Shares of USAS traded down $0.06 during mid-day trading on Friday, reaching $0.78. 2,208,020 shares of the company's stock were exchanged, compared to its average volume of 1,184,383. 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 simple moving average is $0.68. Americas Gold and Silver Corporation has a 52-week low of $0.21 and a 52-week high of $0.88. The company has a market cap of $520.61 million, a P/E ratio of -5.98 and a beta of 0.54.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their target price 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 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.