Gamco Investors INC. ET AL Raises Stake in Americas Gold and Silver Corporation $USAS

Key Points

• Gamco Investors INC. ET AL increased its stake in Americas Gold and Silver by 115.7% in Q3 to 731,462 shares (adding 392,422 shares), representing about 0.27% of the company and valued at roughly $2.72 million per the latest 13F filing.
• Multiple institutions also built positions—NewGen opened a ~$25.9 million stake, MIRAE ~$10.6 million, Montrusco ~$9.95 million, Tidal added 2,000,563 shares to hold 5,570,774 shares, and Bank of America increased holdings—bringing institutional ownership to about 13.38%.
• Analyst sentiment is bullish: four analysts rate USAS a "Buy" with an average price target of $9.75; the stock opened at $8.17, has a 1‑year range of $0.99–$10.50 and a market cap of about $2.62 billion.

Gamco Investors INC. ET AL increased its stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) by 115.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 731,462 shares of the company's stock after buying an additional 392,422 shares during the period. Gamco Investors INC. ET AL owned about 0.27% of Americas Gold and Silver worth $2,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewGen Equity Long Short Fund purchased a new position in Americas Gold and Silver in the second quarter valued at approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Americas Gold and Silver during the 2nd quarter valued at $10,574,000. Montrusco Bolton Investments Inc. bought a new position in shares of Americas Gold and Silver during the 3rd quarter worth $9,954,000. Tidal Investments LLC increased its holdings in Americas Gold and Silver by 56.0% in the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company's stock worth $4,500,000 after acquiring an additional 2,000,563 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Americas Gold and Silver by 38.6% in the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company's stock valued at $2,521,000 after acquiring an additional 869,500 shares during the period. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on USAS shares. HC Wainwright reiterated a "buy" rating and set a $9.75 target price on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Canaccord Genuity Group started coverage on shares of Americas Gold and Silver in a research note on Tuesday, February 24th. They set a "buy" rating on the stock. Finally, TD Securities initiated coverage on shares of Americas Gold and Silver in a report on Monday, February 9th. They issued a "buy" rating for the company. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $9.75.

Americas Gold and Silver Stock Performance

Americas Gold and Silver stock opened at $8.17 on Tuesday. Americas Gold and Silver Corporation has a 1-year low of $0.99 and a 1-year high of $10.50. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $2.62 billion, a PE ratio of -31.42 and a beta of 0.53. The firm's 50 day simple moving average is $7.44 and its 200 day simple moving average is $5.21.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver and gold assets in North America. The company's core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.

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