Cibc World Market Inc. Invests $1.51 Million in Americas Gold and Silver Corporation $USAS

Cibc World Market Inc. acquired a new position in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 294,622 shares of the company’s stock, valued at approximately $1,511,000. Cibc World Market Inc. owned approximately 0.09% of Americas Gold and Silver at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in USAS. NewGen Equity Long Short Fund acquired a new stake in shares of Americas Gold and Silver in the 2nd quarter worth $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Americas Gold and Silver during the 2nd quarter worth about $10,574,000. Montrusco Bolton Investments Inc. acquired a new stake in Americas Gold and Silver during the 3rd quarter worth about $9,954,000. Tidal Investments LLC lifted its position 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 worth $4,500,000 after acquiring an additional 2,000,563 shares during the period. Finally, U S Global Investors Inc. lifted its position in Americas Gold and Silver by 210.3% during the 4th quarter. U S Global Investors Inc. now owns 1,800,000 shares of the company’s stock worth $9,237,000 after acquiring an additional 1,220,000 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Ratings Changes

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

Americas Gold and Silver Stock Performance

Shares of USAS opened at $4.72 on Wednesday. The stock has a 50-day moving average of $5.92 and a two-hundred day moving average of $6.34. The stock has a market cap of $1.54 billion, a P/E ratio of -21.45 and a beta of 0.86. Americas Gold and Silver Corporation has a one year low of $1.81 and a one year high of $10.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68.

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.