Waratah Capital Advisors Ltd. Makes New Investment in Americas Gold and Silver Corporation $USAS

Waratah Capital Advisors Ltd. acquired a new stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the third quarter, according to its most recent filing with the SEC. The fund acquired 173,509 shares of the company’s stock, valued at approximately $645,000. Waratah Capital Advisors Ltd. owned approximately 0.06% of Americas Gold and Silver at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in USAS. NewGen Equity Long Short Fund bought a new position in shares of Americas Gold and Silver in the second quarter worth $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Americas Gold and Silver during the 2nd quarter worth about $10,574,000. Tidal Investments LLC boosted its stake in Americas Gold and Silver by 56.0% in the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock worth $4,500,000 after purchasing an additional 2,000,563 shares during the period. Bank of America Corp DE grew its holdings in Americas Gold and Silver by 38.6% during the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company’s stock valued at $2,521,000 after buying an additional 869,500 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Americas Gold and Silver during the 2nd quarter valued at about $603,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Trading Up 7.9%

Shares of Americas Gold and Silver stock opened at $8.72 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. Americas Gold and Silver Corporation has a 1 year low of $0.99 and a 1 year high of $10.50. The firm has a market cap of $2.78 billion, a PE ratio of -33.54 and a beta of 0.58. The company has a 50 day simple moving average of $6.83 and a two-hundred day simple moving average of $4.79.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on USAS. HC Wainwright restated a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Canaccord Genuity Group started coverage on shares of Americas Gold and Silver in a report on Tuesday. They issued a “buy” rating for the company. Finally, TD Securities initiated coverage on shares of Americas Gold and Silver in a report on Monday, February 9th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Americas Gold and Silver currently has a consensus rating of “Buy” and a consensus target price of $9.75.

About Americas Gold and Silver

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.