Mackenzie Financial Corp Takes Position in 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 Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,134,399 shares of the company's stock, valued at approximately $1,677,000. Mackenzie Financial Corp owned about 1.27% of Americas Gold and Silver at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of USAS. American Century Companies Inc. acquired a new position in Americas Gold and Silver during the 4th quarter valued at approximately $73,000. Bank of America Corp DE raised its stake in Americas Gold and Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock valued at $78,000 after acquiring an additional 207,724 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Americas Gold and Silver during the 4th quarter valued at $94,000. Cetera Investment Advisers increased its position 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 purchasing an additional 19,696 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Americas Gold and Silver by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock valued at $457,000 after buying an additional 202,600 shares during the last quarter. Institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Stock Up 0.5%

Shares of NYSEAMERICAN:USAS traded up $0.01 on Thursday, hitting $1.09. The company had a trading volume of 2,314,210 shares, compared to its average volume of 1,469,603. The company has a market cap of $730.77 million, a price-to-earnings ratio of -8.35 and a beta of 0.55. 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's 50-day moving average is $0.88. Americas Gold and Silver Corporation has a 1 year low of $0.21 and a 1 year high of $1.14.

Wall Street Analyst Weigh In

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

Americas Gold and Silver 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.