Alps Advisors Inc. Has $30.01 Million Holdings in Americas Gold and Silver Corporation $USAS

Alps Advisors Inc. boosted its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 62.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,872,547 shares of the company’s stock after acquiring an additional 2,267,956 shares during the period. Alps Advisors Inc.’s holdings in Americas Gold and Silver were worth $30,009,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. NewGen Equity Long Short Fund acquired a new stake in Americas Gold and Silver during the 2nd quarter valued at $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Americas Gold and Silver during the 2nd quarter valued at $10,574,000. Tidal Investments LLC increased its holdings in Americas Gold and Silver by 56.0% during the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock valued at $4,500,000 after purchasing an additional 2,000,563 shares in the last quarter. Bank of America Corp DE increased its holdings in Americas Gold and Silver by 38.6% during the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company’s stock valued at $2,521,000 after purchasing an additional 869,500 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new stake in Americas Gold and Silver during the 3rd quarter valued at $9,954,000. 13.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

USAS has been the subject of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a report on Friday, April 17th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Finally, Canaccord Genuity Group initiated coverage on Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver presently has a consensus rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Up 9.2%

Shares of USAS opened at $4.99 on Friday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -22.68 and a beta of 0.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68. The business’s fifty day moving average price is $5.91 and its two-hundred day moving average price is $6.36. Americas Gold and Silver Corporation has a 52 week low of $1.81 and a 52 week high of $10.50.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver and gold assets in North America. The company’s core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.