U S Global Investors Inc. Has $1.21 Million Holdings in Americas Gold and Silver Corporation $USAS

U S Global Investors Inc. boosted its stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 275.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,500,000 shares of the company’s stock after buying an additional 1,100,000 shares during the period. U S Global Investors Inc.’s holdings in Americas Gold and Silver were worth $1,213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in Americas Gold and Silver by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock worth $32,000 after buying an additional 14,000 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in Americas Gold and Silver during the 2nd quarter worth about $46,000. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver in the 1st quarter valued at about $59,000. XTX Topco Ltd increased its holdings in shares of Americas Gold and Silver by 494.6% in the 1st quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock valued at $64,000 after purchasing an additional 101,655 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Americas Gold and Silver by 273,321.1% in the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after purchasing an additional 207,724 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on USAS. HC Wainwright upped their target price on Americas Gold and Silver from $1.30 to $3.40 and gave the company a “buy” rating in a report on Wednesday, September 17th. Desjardins began coverage on Americas Gold and Silver in a report on Friday, September 26th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $3.40.

Americas Gold and Silver Price Performance

Shares of USAS opened at $4.13 on Friday. The business’s 50-day moving average is $2.96 and its 200-day moving average is $2.19. Americas Gold and Silver Corporation has a fifty-two week low of $0.80 and a fifty-two week high of $4.48. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -12.71 and a beta of 0.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.14 and a quick ratio of 1.03.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.