Intact Investment Management Inc. Takes $2.82 Million Position in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)

Intact Investment Management Inc. purchased a new stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,268,000 shares of the company's stock, valued at approximately $2,819,000. Intact Investment Management Inc. owned about 2.13% of Americas Gold and Silver at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of USAS. NewGen Asset Management Ltd boosted its holdings in Americas Gold and Silver by 447.7% during the 1st quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock worth $16,664,000 after acquiring an additional 25,837,788 shares during the last quarter. Sprott Inc. purchased a new position in Americas Gold and Silver during the 4th quarter worth $2,099,000. U S Global Investors Inc. purchased a new position in Americas Gold and Silver during the 4th quarter worth $382,000. Hollencrest Capital Management boosted its holdings in Americas Gold and Silver by 46.8% during the 4th quarter. Hollencrest Capital Management now owns 1,787,017 shares of the company's stock worth $672,000 after acquiring an additional 569,941 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Americas Gold and Silver during the 4th quarter worth $94,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Americas Gold and Silver Price Performance

Shares of NYSEAMERICAN USAS traded down $0.02 during mid-day trading on Friday, reaching $0.82. 3,026,566 shares of the company's stock were exchanged, compared to its average volume of 1,164,074. The firm has a market cap of $536.11 million, a price-to-earnings ratio of -6.32 and a beta of 0.54. 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 quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $0.66.

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.