NewGen Asset Management Ltd raised its position in Americas Silver Corp (NYSEAMERICAN:USAS - Free Report) by 447.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 31,609,000 shares of the company's stock after purchasing an additional 25,837,788 shares during the period. Americas Silver accounts for approximately 10.8% of NewGen Asset Management Ltd's portfolio, making the stock its largest position. NewGen Asset Management Ltd owned 12.76% of Americas Silver worth $16,664,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sprott Inc. bought a new stake in shares of Americas Silver in the 4th quarter valued at $2,099,000. Merk Investments LLC increased its stake in shares of Americas Silver by 1.9% in the 4th quarter. Merk Investments LLC now owns 2,751,028 shares of the company's stock valued at $1,050,000 after acquiring an additional 50,000 shares in the last quarter. Hollencrest Capital Management increased its stake in shares of Americas Silver by 46.8% in the 4th quarter. Hollencrest Capital Management now owns 1,787,017 shares of the company's stock valued at $672,000 after acquiring an additional 569,941 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Americas Silver by 20.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock valued at $457,000 after acquiring an additional 202,600 shares in the last quarter. Finally, U S Global Investors Inc. bought a new stake in Americas Silver during the 4th quarter valued at $382,000. Institutional investors and hedge funds own 13.38% of the company's stock.
Analyst Upgrades and Downgrades
Separately, HC Wainwright boosted their price target on shares of Americas Silver from $0.90 to $1.00 and gave the company a "buy" rating in a research note on Friday, March 28th.
Check Out Our Latest Report on Americas Silver
Americas Silver Price Performance
NYSEAMERICAN:USAS traded up $0.01 on Friday, reaching $0.80. 1,639,297 shares of the company's stock were exchanged, compared to its average volume of 1,146,112. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. The firm has a market capitalization of $196.99 million, a price-to-earnings ratio of -4.42 and a beta of 1.20. Americas Silver Corp has a 52 week low of $0.21 and a 52 week high of $0.88. The company has a fifty day moving average of $0.63.
Americas Silver Company Profile
(
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.
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