Connor Clark & Lunn Investment Management Ltd. Acquires 487,400 Shares of Americas Gold and Silver Corporation $USAS

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 75.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,135,900 shares of the company’s stock after purchasing an additional 487,400 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Americas Gold and Silver were worth $918,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft purchased a new stake in Americas Gold and Silver during the second quarter worth $46,000. Goldman Sachs Group Inc. lifted its stake in shares of Americas Gold and Silver by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock worth $32,000 after purchasing an additional 14,000 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Americas Gold and Silver in the first quarter valued at about $59,000. XTX Topco Ltd grew its stake in Americas Gold and Silver by 494.6% in the first quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock valued at $64,000 after purchasing an additional 101,655 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Americas Gold and Silver by 38.9% in the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock worth $92,000 after purchasing an additional 48,616 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Stock Performance

Shares of USAS stock opened at $3.80 on Wednesday. The business’s 50 day moving average is $3.80 and its two-hundred day moving average is $2.73. Americas Gold and Silver Corporation has a 12-month low of $0.80 and a 12-month high of $5.12. The company has a market capitalization of $1.04 billion, a P/E ratio of -11.69 and a beta of 0.66. The company has a current ratio of 1.14, a quick ratio of 1.03 and a debt-to-equity ratio of 0.90.

Analysts Set New Price Targets

USAS has been the subject of several recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $4.90 price objective (up previously from $3.40) on shares of Americas Gold and Silver in a research note on Tuesday, November 11th. Desjardins initiated coverage on Americas Gold and Silver in a report on Friday, September 26th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $4.90.

Americas Gold and Silver Profile

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.