200,000 Shares in Americas Gold and Silver Corporation $USAS Acquired by Murchinson Ltd.

Key Points

• Murchinson Ltd. acquired a new stake in Americas Gold and Silver Corporation, purchasing 200,000 shares valued at approximately $107,000.
• Several hedge funds increased their holdings, with NewGen Asset Management Ltd. boosting its position by 447.7% to own over 31 million shares.
• HC Wainwright raised its price target for Americas Gold and Silver shares from $2.50 to $3.25, maintaining a "buy" rating.

Murchinson Ltd. bought a new stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 200,000 shares of the company's stock, valued at approximately $107,000. Murchinson Ltd. owned about 0.08% of Americas Gold and Silver at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of 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 purchasing an additional 207,724 shares during the period. Cetera Investment Advisers grew its position in shares of 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 purchasing an additional 19,696 shares in the last quarter. NewGen Asset Management Ltd raised its stake in Americas Gold and Silver by 447.7% during the 1st quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock valued at $16,664,000 after purchasing an additional 25,837,788 shares during the period. Intact Investment Management Inc. purchased a new position in Americas Gold and Silver in the 1st quarter worth approximately $2,819,000. Finally, Alps Advisors Inc. boosted its stake in Americas Gold and Silver by 1,587.0% in the 1st quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company's stock worth $848,000 after purchasing an additional 1,513,968 shares during the period. Institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Stock Performance

USAS traded up $0.03 on Wednesday, hitting $2.74. The company had a trading volume of 1,367,538 shares, compared to its average volume of 679,023. The stock has a market cap of $737.75 million, a PE ratio of -8.43 and a beta of 0.63. The company has a fifty day simple moving average of $2.47. Americas Gold and Silver Corporation has a 12-month low of $0.61 and a 12-month high of $2.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.14 and a quick ratio of 1.03.

Analyst Upgrades and Downgrades

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

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.