TD Asset Management Inc Invests $819,000 in Americas Gold and Silver Corporation $USAS

TD Asset Management Inc bought a new stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 219,515 shares of the company’s stock, valued at approximately $819,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Americas Gold and Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after buying an additional 207,724 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver in the first quarter worth about $59,000. Jane Street Group LLC raised its position in shares of Americas Gold and Silver by 38.9% in the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock worth $92,000 after acquiring an additional 48,616 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Americas Gold and Silver by 75.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,135,900 shares of the company’s stock worth $918,000 after acquiring an additional 487,400 shares in the last quarter. Finally, NewGen Equity Long Short Fund purchased a new stake in shares of Americas Gold and Silver during the 2nd quarter worth about $25,927,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on USAS. TD Securities started coverage on Americas Gold and Silver in a research note on Monday, February 9th. They issued a “buy” rating for the company. HC Wainwright reiterated a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group began coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Performance

Shares of Americas Gold and Silver stock opened at $8.21 on Friday. The business’s 50 day moving average price is $7.38 and its 200 day moving average price is $5.13. The company has a market cap of $2.63 billion, a price-to-earnings ratio of -31.58 and a beta of 0.53. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. Americas Gold and Silver Corporation has a one year low of $0.99 and a one year high of $10.50.

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.