Montrusco Bolton Investments Inc. Takes $9.95 Million Position in Americas Gold and Silver Corporation $USAS

Montrusco Bolton Investments Inc. purchased a new stake in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,668,549 shares of the company’s stock, valued at approximately $9,954,000. Montrusco Bolton Investments Inc. owned approximately 0.98% of Americas Gold and Silver at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. K.J. Harrison & Partners Inc bought a new stake in Americas Gold and Silver during the third quarter worth $249,000. TD Asset Management Inc bought a new stake in shares of Americas Gold and Silver in the 3rd quarter worth $819,000. Waratah Capital Advisors Ltd. purchased a new stake in shares of Americas Gold and Silver in the third quarter valued at about $645,000. Baader Bank Aktiengesellschaft lifted its position in shares of Americas Gold and Silver by 24.1% during the 3rd quarter. Baader Bank Aktiengesellschaft now owns 70,000 shares of the company’s stock worth $261,000 after buying an additional 13,616 shares in the last quarter. Finally, AA Financial Advisors LLC purchased a new position in shares of Americas Gold and Silver in the 3rd quarter worth approximately $93,000. 13.38% of the stock is owned by institutional investors.

Americas Gold and Silver Price Performance

Shares of NYSEAMERICAN USAS opened at $8.92 on Thursday. The company’s 50-day moving average is $6.90 and its 200 day moving average is $4.82. The stock has a market capitalization of $2.85 billion, a P/E ratio of -34.31 and a beta of 0.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. Americas Gold and Silver Corporation has a 1 year low of $0.99 and a 1 year high of $10.50.

Wall Street Analysts Forecast Growth

USAS has been the subject of several recent research reports. 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 set a $9.75 target price on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group started coverage on Americas Gold and Silver in a research report on Tuesday. They issued a “buy” rating for the company. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Americas Gold and Silver has an average rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Company 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.