Americas Gold and Silver Corporation $USAS Shares Sold by WealthTrust Axiom LLC

WealthTrust Axiom LLC trimmed its position in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,695,238 shares of the company’s stock after selling 240,824 shares during the quarter. WealthTrust Axiom LLC owned approximately 0.25% of Americas Gold and Silver worth $1,369,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position 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 valued at $78,000 after buying an additional 207,724 shares during the period. Cetera Investment Advisers boosted its stake in shares of Americas Gold and Silver by 5.1% during the 1st quarter. Cetera Investment Advisers now owns 450,515 shares of the company’s stock worth $241,000 after acquiring an additional 21,671 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Americas Gold and Silver in the first quarter valued at approximately $1,677,000. XTX Topco Ltd raised its stake in shares of Americas Gold and Silver by 494.6% during the 1st quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock worth $64,000 after buying an additional 101,655 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Americas Gold and Silver by 51.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 648,500 shares of the company’s stock valued at $347,000 after buying an additional 221,500 shares in the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on USAS. HC Wainwright reissued a “buy” rating and set a $4.90 target price (up previously from $3.40) on shares of Americas Gold and Silver in a research note on Tuesday, November 11th. Desjardins started coverage on Americas Gold and Silver in a report on Friday, September 26th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $4.90.

Americas Gold and Silver Stock Up 6.2%

Shares of NYSEAMERICAN:USAS opened at $4.26 on Friday. Americas Gold and Silver Corporation has a 52-week low of $0.87 and a 52-week high of $5.12. The stock has a market cap of $1.17 billion, a P/E ratio of -13.11 and a beta of 0.66. The business has a fifty day moving average of $3.96 and a two-hundred day moving average of $2.83. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.90.

About Americas Gold and Silver

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.