K.J. Harrison & Partners Inc Sells 125,000 Shares of Americas Gold and Silver Corporation $USAS

K.J. Harrison & Partners Inc trimmed its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 51.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,856 shares of the company’s stock after selling 125,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Americas Gold and Silver were worth $609,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Americas Gold and Silver by 273,321.1% in the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after acquiring an additional 207,724 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Americas Gold and Silver during the 1st quarter worth $59,000. Jane Street Group LLC boosted its position in Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock valued at $92,000 after purchasing an additional 48,616 shares in the last quarter. NewGen Equity Long Short Fund bought a new stake in Americas Gold and Silver during the second quarter valued at about $25,927,000. Finally, JPMorgan Chase & Co. grew its stake in Americas Gold and Silver by 15.7% in the second quarter. JPMorgan Chase & Co. now owns 955,284 shares of the company’s stock valued at $772,000 after purchasing an additional 129,919 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Price Performance

Shares of USAS stock opened at $4.89 on Monday. The stock’s fifty day moving average price is $5.67 and its 200 day moving average price is $6.40. Americas Gold and Silver Corporation has a 1-year low of $2.11 and a 1-year high of $10.50. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -22.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. HC Wainwright reiterated a “buy” rating and issued a $9.75 target price 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 MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Company 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.