Sprott Inc. Purchases 285,500 Shares of Americas Gold and Silver Corporation $USAS

Key Points

• Sprott Inc. increased its holdings in Americas Gold and Silver Corporation by 5.2%, bringing its total to approximately 5.76 million shares, valued at $3.08 million.
• HC Wainwright has upgraded its rating for Americas Gold and Silver, increasing the price target from $1.00 to $1.30, with a consensus rating of "Buy".
• The company's stock has seen a 2.9% increase recently, with a current market capitalization of $605.16 million and a twelve-month trading range between $0.22 and $1.14.

Sprott Inc. increased its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) by 5.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,757,602 shares of the company's stock after buying an additional 285,500 shares during the quarter. Sprott Inc. owned 2.32% of Americas Gold and Silver worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Americas Gold and Silver during the 4th quarter worth approximately $94,000. Cetera Investment Advisers increased its stake 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 acquiring an additional 19,696 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Americas Gold and Silver by 20.0% in 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 last quarter. XTX Topco Ltd lifted its holdings in Americas Gold and Silver by 494.6% in the first quarter. XTX Topco Ltd now owns 122,207 shares of the company's stock valued at $64,000 after buying an additional 101,655 shares during the period. Finally, Alps Advisors Inc. boosted its position in shares of Americas Gold and Silver by 1,587.0% during the 1st quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company's stock worth $848,000 after purchasing an additional 1,513,968 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Americas Gold and Silver Trading Down 1.4%

USAS stock traded down $0.04 during midday trading on Wednesday, reaching $2.40. 443,005 shares of the company's stock traded hands, compared to its average volume of 618,233. The company has a market cap of $1.61 billion, a PE ratio of -18.42 and a beta of 0.55. Americas Gold and Silver Corporation has a 52-week low of $0.55 and a 52-week high of $2.85. The stock's 50-day moving average is $0.96. The company has a current ratio of 1.14, a quick ratio of 1.03 and a debt-to-equity ratio of 0.90.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a "buy" rating and issued a $3.25 price objective (up previously from $2.50) on shares of Americas Gold and Silver in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $3.25.

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.