WealthTrust Axiom LLC Decreases Stock Holdings in Americas Gold and Silver Corporation $USAS

WealthTrust Axiom LLC trimmed its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 451,397 shares of the company’s stock after selling 161,393 shares during the quarter. WealthTrust Axiom LLC owned 0.14% of Americas Gold and Silver worth $2,307,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Montrusco Bolton Investments Inc. purchased a new stake in Americas Gold and Silver in the third quarter worth $9,954,000. TD Asset Management Inc purchased a new stake in Americas Gold and Silver in the third quarter worth $819,000. Waratah Capital Advisors Ltd. purchased a new stake in Americas Gold and Silver in the third quarter worth $645,000. PCJ Investment Counsel Ltd. purchased a new stake in Americas Gold and Silver in the third quarter worth $1,585,000. Finally, Gamco Investors INC. ET AL increased its position in Americas Gold and Silver by 115.7% in the third quarter. Gamco Investors INC. ET AL now owns 731,462 shares of the company’s stock worth $2,721,000 after buying an additional 392,422 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Americas Gold and Silver Price Performance

Americas Gold and Silver stock opened at $5.28 on Monday. Americas Gold and Silver Corporation has a one year low of $1.81 and a one year high of $10.50. The business has a fifty day moving average price of $5.91 and a 200-day moving average price of $6.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54. The firm has a market capitalization of $1.73 billion, a P/E ratio of -24.00 and a beta of 0.86.

Analyst Ratings Changes

A number of analysts have issued reports on USAS shares. BMO Capital Markets reissued an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. HC Wainwright reissued a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research report on Friday, April 17th. Finally, Canaccord Genuity Group started coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Company 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.