NewGen Asset Management Ltd Has $16.66 Million Stock Holdings in Americas Silver Corp (NYSEAMERICAN:USAS)

NewGen Asset Management Ltd raised its holdings in shares of Americas Silver Corp (NYSEAMERICAN:USAS - Free Report) by 447.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,609,000 shares of the company's stock after acquiring an additional 25,837,788 shares during the period. Americas Silver comprises approximately 10.8% of NewGen Asset Management Ltd's portfolio, making the stock its biggest holding. NewGen Asset Management Ltd owned about 12.76% of Americas Silver worth $16,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in Americas Silver during the fourth quarter valued at approximately $94,000. Cetera Investment Advisers boosted its stake in shares of Americas Silver by 4.8% during the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock valued at $167,000 after purchasing an additional 19,696 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Americas Silver by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock valued at $457,000 after purchasing an additional 202,600 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Americas Silver during the fourth quarter valued at approximately $47,000. Finally, American Century Companies Inc. purchased a new stake in shares of Americas Silver during the fourth quarter valued at approximately $73,000. 13.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective on Americas Silver from $0.90 to $1.00 and gave the company a "buy" rating in a research note on Friday, March 28th.

Americas Silver Price Performance

NYSEAMERICAN USAS traded up $0.01 during trading hours on Friday, hitting $0.80. The company's stock had a trading volume of 1,639,297 shares, compared to its average volume of 1,142,753. Americas Silver Corp has a 12 month low of $0.21 and a 12 month high of $0.88. The stock has a 50 day moving average price of $0.63. The company has a market capitalization of $196.99 million, a P/E ratio of -4.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42.

Americas 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.