Sprott Inc. Makes New $2.10 Million Investment in Americas Silver Corp (NYSEAMERICAN:USAS)

Sprott Inc. acquired a new stake in Americas Silver Corp (NYSEAMERICAN:USAS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,472,102 shares of the company’s stock, valued at approximately $2,099,000.

Other hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management boosted its position in Americas Silver by 34.4% in the 3rd quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock valued at $372,000 after buying an additional 311,648 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Americas Silver in the third quarter worth about $631,000. XTX Topco Ltd purchased a new position in Americas Silver in the third quarter valued at about $26,000. Finally, Alpha Cubed Investments LLC purchased a new position in Americas Silver in the fourth quarter valued at about $274,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded Americas Silver to a “moderate buy” rating in a report on Thursday, January 23rd.

Americas Silver Stock Down 3.0 %

USAS opened at $0.48 on Wednesday. The firm has a market capitalization of $119.49 million, a P/E ratio of -2.68 and a beta of 1.20. Americas Silver Corp has a 12-month low of $0.20 and a 12-month high of $0.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42.

Americas 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.