Murchinson Ltd. Acquires Shares of 200,000 Americas Gold and Silver Corporation $USAS

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 position in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 200,000 shares of the company's stock, valued at approximately $107,000. Murchinson Ltd. owned approximately 0.08% of Americas Gold and Silver at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in USAS. NewEdge Advisors LLC purchased a new position in Americas Gold and Silver during the first quarter worth about $59,000. XTX Topco Ltd boosted its holdings in Americas Gold and Silver by 494.6% during the first quarter. XTX Topco Ltd now owns 122,207 shares of the company's stock worth $64,000 after purchasing an additional 101,655 shares during the last quarter. Bank of America Corp DE boosted its holdings 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 purchasing an additional 207,724 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in Americas Gold and Silver during the first quarter worth about $176,000. Finally, Cetera Investment Advisers boosted its stake in Americas Gold and Silver by 4.8% in the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock valued at $167,000 after acquiring an additional 19,696 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a "buy" rating and issued a $3.25 target price (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, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $3.25.

Americas Gold and Silver Price Performance

USAS traded up $0.07 during trading on Thursday, hitting $2.81. 720,158 shares of the stock traded hands, compared to its average volume of 679,248. The company has a 50-day moving average price of $2.49. The company has a market cap of $755.25 million, a price-to-earnings ratio of -8.63 and a beta of 0.63. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.14 and a quick ratio of 1.03. Americas Gold and Silver Corporation has a 12-month low of $0.64 and a 12-month high of $2.97.

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.