JPMorgan Chase & Co. Has $2.04 Million Stake in Americas Gold and Silver Corporation $USAS

Key Points

• JPMorgan Chase cut its stake in Americas Gold and Silver by 42.5%, selling 406,108 shares and now owning 549,176 shares worth approximately $2.04 million (about 0.17% of the company).
• Citadel Advisors dramatically increased its position—up 247.9%—to 311,477 shares valued at roughly $1.16 million, while institutional investors hold about 13.38% of the stock.
• The stock is viewed positively by analysts, with five Buy ratings and a consensus target of $9.75; the company has a market cap of about $1.72 billion and a 12‑month trading range of $1.02–$10.50.

JPMorgan Chase & Co. decreased its stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) by 42.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 549,176 shares of the company's stock after selling 406,108 shares during the quarter. JPMorgan Chase & Co. owned about 0.17% of Americas Gold and Silver worth $2,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Hudson Bay Capital Management LP acquired a new stake in shares of Americas Gold and Silver during the 3rd quarter worth approximately $42,000. Susquehanna International Group LLP acquired a new stake in shares of Americas Gold and Silver during the 3rd quarter worth approximately $93,000. Quarry LP acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at $454,000. PenderFund Capital Management Ltd. acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at $771,000. Finally, Citadel Advisors LLC grew its position in Americas Gold and Silver by 247.9% in the 3rd quarter. Citadel Advisors LLC now owns 311,477 shares of the company's stock valued at $1,159,000 after purchasing an additional 221,950 shares during the period. Institutional investors and hedge funds own 13.38% of the company's stock.

Americas Gold and Silver Stock Performance

NYSEAMERICAN USAS opened at $5.35 on Wednesday. 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 company has a market cap of $1.72 billion, a P/E ratio of -16.46 and a beta of 0.83. The company has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $5.73. Americas Gold and Silver Corporation has a 12-month low of $1.02 and a 12-month high of $10.50.

Analyst Upgrades and Downgrades

USAS has been the subject of several research reports. HC Wainwright reissued a "buy" rating and issued a $9.75 price target on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. TD Securities initiated coverage on shares of Americas Gold and Silver in a research report on Monday, February 9th. They issued a "buy" rating for the company. BMO Capital Markets initiated coverage on shares of Americas Gold and Silver in a research report on Wednesday, April 1st. They issued an "outperform" rating for the company. Finally, Canaccord Genuity Group initiated coverage on shares of Americas Gold and Silver in a research report on Tuesday, February 24th. They issued a "buy" rating for the company. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $9.75.

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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