Merk Investments LLC Has $38.06 Million Stock Position in Americas Gold and Silver Corporation $USAS

Key Points

• Merk Investments LLC significantly increased its stake in Americas Gold and Silver Corporation by 2,486.3%, holding over 71 million shares worth approximately $38.06 million, making it their second largest holding.
• Other institutional investors, including Murchinson Ltd. and NewEdge Advisors LLC, also expanded their positions in Americas Gold and Silver during the first quarter, indicating growing institutional interest.
• Analysts have reaffirmed a "buy" rating for Americas Gold and Silver with a new price target set at $3.25, reflecting positive market sentiment and potential for further growth.

Merk Investments LLC raised its position in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) by 2,486.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 71,151,028 shares of the company's stock after buying an additional 68,400,000 shares during the period. Americas Gold and Silver comprises approximately 20.7% of Merk Investments LLC's holdings, making the stock its 2nd largest holding. Merk Investments LLC owned about 28.72% of Americas Gold and Silver worth $38,062,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murchinson Ltd. bought a new position in Americas Gold and Silver in the first quarter valued at about $107,000. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver during the 1st quarter valued at about $59,000. Gamco Investors INC. ET AL bought a new position in shares of Americas Gold and Silver in the 1st quarter valued at about $176,000. Sprott Inc. boosted its stake in shares of Americas Gold and Silver by 5.2% in the 1st quarter. Sprott Inc. now owns 5,757,602 shares of the company's stock valued at $3,081,000 after purchasing an additional 285,500 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Americas Gold and Silver by 51.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 648,500 shares of the company's stock worth $347,000 after buying an additional 221,500 shares during the last quarter. Institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Price Performance

Shares of USAS stock opened at $2.75 on Monday. The company has a market cap of $740.44 million, a PE ratio of -8.46 and a beta of 0.63. The company has a 50-day moving average of $2.44. The company has a current ratio of 1.14, a quick ratio of 1.03 and a debt-to-equity ratio of 0.90. Americas Gold and Silver Corporation has a one year low of $0.58 and a one year high of $2.89.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $3.25 price objective (up from $2.50) on shares of Americas Gold and Silver in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $3.25.

About Americas Gold and Silver

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.

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