Americas Gold and Silver Corporation $USAS Shares Sold by Merk Investments LLC

Merk Investments LLC reduced its stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 63.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 25,679,000 shares of the company’s stock after selling 45,472,028 shares during the period. Americas Gold and Silver accounts for 29.4% of Merk Investments LLC’s portfolio, making the stock its biggest position. Merk Investments LLC owned about 0.09% of Americas Gold and Silver worth $95,532,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Americas Gold and Silver during the second quarter worth $46,000. Gabelli Funds LLC grew 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. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver in the 1st quarter valued at $59,000. Bank of America Corp DE raised its position in Americas Gold and Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after buying an additional 207,724 shares during the last quarter. Finally, Fiducient Advisors LLC purchased a new position in Americas Gold and Silver during the 2nd quarter worth $81,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Americas Gold and Silver Trading Up 0.4%

NYSEAMERICAN:USAS opened at $7.39 on Tuesday. Americas Gold and Silver Corporation has a 1 year low of $0.99 and a 1 year high of $10.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. The stock has a fifty day moving average price of $7.72 and a two-hundred day moving average price of $5.41. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -28.42 and a beta of 0.53.

Wall Street Analyst Weigh In

Several research firms have recently commented on USAS. TD Securities assumed coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They issued a “buy” rating for the company. Canaccord Genuity Group started coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating for the company. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.