Cibc World Market Inc. Acquires Shares of 294,622 Americas Gold and Silver Corporation $USAS

Cibc World Market Inc. acquired a new stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 294,622 shares of the company’s stock, valued at approximately $1,511,000.

A number of other institutional investors have also modified their holdings of USAS. Bank of America Corp DE raised its stake in shares of Americas Gold and Silver by 273,321.1% during the 4th 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 last quarter. NewEdge Advisors LLC purchased a new position in shares of Americas Gold and Silver in the 1st quarter valued at about $59,000. Jane Street Group LLC increased its stake in shares of Americas Gold and Silver by 38.9% in the 1st quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock valued at $92,000 after purchasing an additional 48,616 shares in the last quarter. NewGen Equity Long Short Fund purchased a new position in shares of Americas Gold and Silver in the 2nd quarter valued at about $25,927,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Americas Gold and Silver by 15.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 955,284 shares of the company’s stock valued at $772,000 after purchasing an additional 129,919 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Price Performance

Shares of Americas Gold and Silver stock opened at $4.72 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.68 and a debt-to-equity ratio of 0.19. Americas Gold and Silver Corporation has a twelve month low of $1.81 and a twelve month high of $10.50. The business has a 50-day moving average price of $5.92 and a 200 day moving average price of $6.34. The firm has a market cap of $1.54 billion, a PE ratio of -21.45 and a beta of 0.86.

Analysts Set New Price Targets

Several brokerages recently weighed in on USAS. Canaccord Genuity Group began coverage on Americas Gold and Silver in a research note on Tuesday, February 24th. They issued a “buy” rating for the company. HC Wainwright restated a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a research note on Friday, April 17th. Finally, BMO Capital Markets restated 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, According to MarketBeat.com, the stock has a consensus 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.