NewGen Asset Management Ltd Cuts Stake in Americas Gold and Silver Corporation $USAS

NewGen Asset Management Ltd trimmed its holdings in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 33.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,200,000 shares of the company’s stock after selling 3,085,312 shares during the quarter. Americas Gold and Silver makes up about 19.6% of NewGen Asset Management Ltd’s portfolio, making the stock its biggest position. NewGen Asset Management Ltd owned 1.94% of Americas Gold and Silver worth $31,682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC grew its position in Americas Gold and Silver by 441.7% in the 4th quarter. Barclays PLC now owns 65,874 shares of the company’s stock valued at $337,000 after acquiring an additional 53,714 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Americas Gold and Silver during the fourth quarter worth $1,717,000. DLD Asset Management LP purchased a new stake in shares of Americas Gold and Silver during the fourth quarter valued at $511,000. Van ECK Associates Corp purchased a new stake in shares of Americas Gold and Silver during the fourth quarter valued at $1,335,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Americas Gold and Silver in the fourth quarter worth about $71,000. 13.38% of the stock is owned by institutional investors.

Americas Gold and Silver Price Performance

Shares of USAS opened at $5.76 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68. The company has a 50 day moving average price of $5.91 and a 200-day moving average price of $6.38. Americas Gold and Silver Corporation has a fifty-two week low of $1.81 and a fifty-two week high of $10.50. The stock has a market capitalization of $1.88 billion, a PE ratio of -26.18 and a beta of 0.86.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on USAS. Canaccord Genuity Group initiated coverage on Americas Gold and Silver in a research note on Tuesday, February 24th. They issued a “buy” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Finally, HC Wainwright reiterated a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a report on Friday, April 17th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.