Montrusco Bolton Investments Inc. Makes New $2.86 Million Investment in Americas Gold and Silver Corporation $USAS

Montrusco Bolton Investments Inc. acquired a new stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 549,996 shares of the company’s stock, valued at approximately $2,861,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hudson Bay Capital Management LP bought a new stake in shares of Americas Gold and Silver in the third quarter worth about $42,000. B. Riley Wealth Advisors Inc. bought a new position in Americas Gold and Silver during the 2nd quarter valued at approximately $46,000. Stone House Investment Management LLC lifted its holdings 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 worth $47,000 after buying an additional 5,236 shares during the period. Truist Financial Corp bought a new stake in shares of Americas Gold and Silver in the 4th quarter worth approximately $51,000. Finally, Leonteq Securities AG bought a new stake in shares of Americas Gold and Silver in the 1st quarter worth approximately $56,000. 13.38% of the stock is owned by institutional investors.

Americas Gold and Silver Stock Performance

Americas Gold and Silver stock opened at $4.89 on Friday. The stock’s 50 day simple moving average is $5.67 and its two-hundred day simple moving average is $6.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -22.23 and a beta of 0.91. Americas Gold and Silver Corporation has a fifty-two week low of $2.11 and a fifty-two week high of $10.50.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on USAS. BMO Capital Markets restated an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. HC Wainwright reiterated a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus 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.