UBS Group AG Acquires 704,709 Shares of Americas Gold and Silver Corporation $USAS

UBS Group AG raised its stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 82.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,559,903 shares of the company’s stock after purchasing an additional 704,709 shares during the period. UBS Group AG owned approximately 0.49% of Americas Gold and Silver worth $7,971,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP bought a new position in shares of Americas Gold and Silver in the third quarter valued at approximately $42,000. B. Riley Wealth Advisors Inc. bought a new stake in Americas Gold and Silver during the second quarter worth $46,000. Stone House Investment Management LLC raised its position in Americas Gold and Silver by 130.2% in the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after buying an additional 5,236 shares during the last quarter. Gabelli Funds LLC raised its position in Americas Gold and Silver by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after buying an additional 5,000 shares during the last quarter. Finally, Wealthcare Capital Management LLC bought a new position in Americas Gold and Silver during the 4th quarter valued at $57,000. 13.38% of the stock is owned by institutional investors.

Americas Gold and Silver Stock Performance

Shares of Americas Gold and Silver stock opened at $5.81 on Tuesday. The business’s fifty day simple moving average is $6.29 and its 200 day simple moving average is $6.15. The company has a current ratio of 1.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. Americas Gold and Silver Corporation has a 12 month low of $1.40 and a 12 month high of $10.50. The firm has a market capitalization of $1.89 billion, a P/E ratio of -26.41 and a beta of 0.86.

Analyst Ratings Changes

A number of research firms have issued reports on USAS. TD Securities started coverage on shares of Americas Gold and Silver in a report on Monday, February 9th. They set a “buy” rating 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 started coverage on shares of Americas Gold and Silver in a research report on Wednesday, April 1st. They set an “outperform” rating on the stock. Finally, Canaccord Genuity Group started coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver 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.