Mackenzie Financial Corp Acquires Shares of 3,134,399 Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)

Key Points

• Mackenzie Financial Corp acquired 3,134,399 shares of Americas Gold and Silver Corporation (NYSEAMERICAN: USAS), valued at approximately $1,677,000, representing 1.27% of the company's stock.
• Other institutional investors, such as NewGen Asset Management and Alps Advisors, have significantly increased their holdings in Americas Gold and Silver, indicating a growing interest in the company.
• HC Wainwright has reiterated a "buy" rating for the stock, raising its price objective to $1.30 from $1.00, reflecting positive analyst sentiment.

Mackenzie Financial Corp purchased a new position in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,134,399 shares of the company's stock, valued at approximately $1,677,000. Mackenzie Financial Corp owned approximately 1.27% of Americas Gold and Silver at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of USAS. American Century Companies Inc. acquired a new position in Americas Gold and Silver during the fourth quarter worth $73,000. Bank of America Corp DE boosted its stake in Americas Gold and Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock worth $78,000 after buying an additional 207,724 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Americas Gold and Silver during the fourth quarter worth $94,000. Cetera Investment Advisers boosted its stake in Americas Gold and Silver by 4.8% during the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock worth $167,000 after buying an additional 19,696 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Americas Gold and Silver by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock worth $457,000 after buying an additional 202,600 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Trading Up 2.3%

USAS traded up $0.02 during midday trading on Tuesday, hitting $1.02. The company's stock had a trading volume of 1,751,421 shares, compared to its average volume of 2,017,011. The firm has a 50-day simple moving average of $0.86. Americas Gold and Silver Corporation has a 52-week low of $0.21 and a 52-week high of $1.07. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $686.99 million, a price-to-earnings ratio of -7.85 and a beta of 0.55.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $1.30 price target (up previously from $1.00) on shares of Americas Gold and Silver in a research note on Thursday, July 10th.

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.