Intact Investment Management Inc. bought a new stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,268,000 shares of the company's stock, valued at approximately $2,819,000. Intact Investment Management Inc. owned approximately 2.13% of Americas Gold and Silver at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in USAS. HighTower Advisors LLC acquired a new position in Americas Gold and Silver during the 4th quarter valued at about $47,000. American Century Companies Inc. purchased a new stake in Americas Gold and Silver in the 4th quarter valued at $73,000. Bank of America Corp DE raised its position in Americas Gold and Silver by 273,321.1% in the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock valued at $78,000 after buying an additional 207,724 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Americas Gold and Silver during the 4th quarter valued at $94,000. Finally, Cetera Investment Advisers boosted its holdings in Americas Gold and Silver by 4.8% during the 4th quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock worth $167,000 after acquiring an additional 19,696 shares during the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, HC Wainwright raised their price target on shares of Americas Gold and Silver from $0.90 to $1.00 and gave the company a "buy" rating in a research report on Friday, March 28th.
Check Out Our Latest Research Report on USAS
Americas Gold and Silver Price Performance
Shares of NYSEAMERICAN USAS traded up $0.00 during midday trading on Wednesday, reaching $0.77. The company's stock had a trading volume of 1,588,842 shares, compared to its average volume of 1,174,635. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.52 and a quick ratio of 0.37. The firm has a market cap of $515.19 million, a PE ratio of -5.92 and a beta of 0.54. The firm has a 50 day moving average price of $0.67. Americas Gold and Silver Corporation has a 12-month low of $0.21 and a 12-month high of $0.88.
Americas Gold and 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.
Read More
Before you consider Americas Gold and Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Americas Gold and Silver wasn't on the list.
While Americas Gold and Silver currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
