U S Global Investors Inc. Has $2.16 Million Holdings in Americas Gold and Silver Corporation $USAS

U S Global Investors Inc. cut its position in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 61.3% during the third quarter, HoldingsChannel.com reports. The firm owned 580,000 shares of the company’s stock after selling 920,000 shares during the period. U S Global Investors Inc.’s holdings in Americas Gold and Silver were worth $2,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Americas Gold and Silver by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock worth $32,000 after buying an additional 14,000 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Americas Gold and Silver during the 2nd quarter worth about $46,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Americas Gold and Silver during the 2nd quarter valued at about $46,000. NewEdge Advisors LLC acquired a new stake in shares of Americas Gold and Silver during the 1st quarter valued at about $59,000. Finally, Bank of America Corp DE increased its stake in Americas Gold and Silver by 273,321.1% in the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after acquiring an additional 207,724 shares during the period. 13.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

USAS has been the subject of a number of analyst reports. HC Wainwright restated a “buy” rating and set a $4.90 price target (up previously from $3.40) on shares of Americas Gold and Silver in a research note on Tuesday, November 11th. Desjardins started coverage on Americas Gold and Silver in a research report on Friday, September 26th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Americas Gold and Silver has a consensus rating of “Buy” and a consensus price target of $4.90.

Americas Gold and Silver Stock Performance

Shares of USAS stock opened at $5.11 on Friday. Americas Gold and Silver Corporation has a 12-month low of $0.95 and a 12-month high of $6.24. The company has a market capitalization of $1.63 billion, a P/E ratio of -19.65 and a beta of 0.60. The firm has a 50-day moving average price of $4.63 and a 200 day moving average price of $3.49. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96.

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.