Gabelli Funds LLC Boosts Stock Position in Americas Gold and Silver Corporation $USAS

Gabelli Funds LLC boosted its position in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 14,000.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,115,000 shares of the company’s stock after purchasing an additional 2,100,000 shares during the quarter. Gabelli Funds LLC’s holdings in Americas Gold and Silver were worth $11,040,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of USAS. K.J. Harrison & Partners Inc grew its position in shares of Americas Gold and Silver by 275.8% in the 4th quarter. K.J. Harrison & Partners Inc now owns 241,856 shares of the company’s stock worth $1,242,000 after buying an additional 177,500 shares during the last quarter. Alps Advisors Inc. lifted its position in Americas Gold and Silver by 62.9% during the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock valued at $30,009,000 after acquiring an additional 2,267,956 shares during the last quarter. U S Global Investors Inc. lifted its position in Americas Gold and Silver by 210.3% during the fourth quarter. U S Global Investors Inc. now owns 1,800,000 shares of the company’s stock valued at $9,237,000 after acquiring an additional 1,220,000 shares during the last quarter. Walleye Capital LLC boosted its stake in Americas Gold and Silver by 110.3% in the first quarter. Walleye Capital LLC now owns 706,630 shares of the company’s stock valued at $3,689,000 after acquiring an additional 370,683 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new stake in Americas Gold and Silver in the first quarter valued at approximately $2,861,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Americas Gold and Silver Price Performance

NYSEAMERICAN:USAS opened at $3.97 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. Americas Gold and Silver Corporation has a twelve month low of $2.18 and a twelve month high of $10.50. The company has a market cap of $1.34 billion, a PE ratio of -18.05 and a beta of 0.91. The company’s 50 day moving average is $5.01 and its two-hundred day moving average is $6.26.

Analyst Upgrades and Downgrades

Several research firms have issued reports on USAS. HC Wainwright reaffirmed a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a report on Friday, April 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Profile

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.