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

Montrusco Bolton Investments Inc. purchased a new position in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 549,996 shares of the company’s stock, valued at approximately $2,861,000. Montrusco Bolton Investments Inc. owned about 0.17% of Americas Gold and Silver at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. NewGen Equity Long Short Fund purchased a new position in 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 second quarter valued at about $10,574,000. Alps Advisors Inc. lifted its stake in Americas Gold and Silver by 62.9% during the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after purchasing an additional 2,267,956 shares during the last quarter. Tidal Investments LLC lifted its stake in Americas Gold and Silver by 56.0% during the second 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 last quarter. Finally, Bank of America Corp DE lifted its stake in Americas Gold and Silver by 38.6% during the second quarter. Bank of America Corp DE now owns 3,123,373 shares of the company’s stock worth $2,521,000 after purchasing an additional 869,500 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Stock Performance

Shares of USAS stock opened at $4.89 on Friday. The stock has a market capitalization of $1.65 billion, a PE ratio of -22.23 and a beta of 0.91. Americas Gold and Silver Corporation has a 1-year low of $2.11 and a 1-year high of $10.50. The business has a 50-day moving average of $5.67 and a 200 day moving average of $6.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. HC Wainwright reiterated a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research report on Friday, April 17th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.