Hollencrest Capital Management Lowers Position in Americas Gold and Silver Corporation $USAS

Hollencrest Capital Management lessened its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 59.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 729,551 shares of the company’s stock after selling 1,057,466 shares during the quarter. Hollencrest Capital Management owned about 0.27% of Americas Gold and Silver worth $2,714,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in Americas Gold and Silver by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock valued at $32,000 after purchasing an additional 14,000 shares in the last quarter. AA Financial Advisors LLC purchased a new stake in shares of Americas Gold and Silver during the 3rd quarter valued at $93,000. Jane Street Group LLC lifted its holdings in shares of Americas Gold and Silver by 38.9% during the 1st 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 last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Americas Gold and Silver in the second quarter worth $46,000. Finally, Fiducient Advisors LLC purchased a new stake in Americas Gold and Silver during the second quarter valued at about $81,000. 13.38% of the stock is currently owned by institutional investors.

Americas Gold and Silver Stock Performance

Americas Gold and Silver stock opened at $9.23 on Thursday. The firm has a fifty day simple moving average of $5.69 and a two-hundred day simple moving average of $4.08. 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 Corporation has a twelve month low of $0.99 and a twelve month high of $10.50. The company has a market capitalization of $2.94 billion, a PE ratio of -35.50 and a beta of 0.60.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus 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.