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

UBS Group AG grew its stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 82.4% in the fourth quarter, Holdings Channel reports. The fund owned 1,559,903 shares of the company’s stock after acquiring an additional 704,709 shares during the quarter. UBS Group AG’s holdings in Americas Gold and Silver were worth $7,971,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. U S Global Investors Inc. raised its holdings in shares of Americas Gold and Silver by 210.3% in the 4th quarter. U S Global Investors Inc. now owns 1,800,000 shares of the company’s stock worth $9,237,000 after purchasing an additional 1,220,000 shares during the period. Key Client Fiduciary Advisors LLC bought a new position in Americas Gold and Silver during the fourth quarter valued at $102,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Americas Gold and Silver during the fourth quarter valued at $339,000. Greenberg Financial Group purchased a new stake in Americas Gold and Silver in the fourth quarter worth $102,000. Finally, Stone House Investment Management LLC increased its position in Americas Gold and Silver by 130.2% in the fourth 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 last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Wall Street Analysts Forecast Growth

USAS has been the topic of a number of recent research reports. BMO Capital Markets assumed coverage on Americas Gold and Silver in a research report on Wednesday, April 1st. They set an “outperform” rating on the stock. TD Securities initiated coverage on Americas Gold and Silver in a report on Monday, February 9th. They issued a “buy” rating for the company. HC Wainwright restated a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a research note on Friday, April 17th. 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Trading Down 7.0%

Shares of USAS stock opened at $5.81 on Tuesday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -26.41 and a beta of 0.86. The company’s fifty day simple moving average is $6.29 and its two-hundred day simple moving average is $6.15. Americas Gold and Silver Corporation has a 1 year low of $1.40 and a 1 year high of $10.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54.

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.