Bank of Montreal Can Lowers Stock Position in Americas Gold and Silver Corporation $USAS

Bank of Montreal Can trimmed its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 15.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 704,326 shares of the company’s stock after selling 132,265 shares during the period. Bank of Montreal Can owned about 0.10% of Americas Gold and Silver worth $569,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of USAS. Bank of America Corp DE grew its holdings in Americas Gold and Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after acquiring an additional 207,724 shares during the period. Cetera Investment Advisers lifted its holdings in Americas Gold and Silver by 5.1% in the first quarter. Cetera Investment Advisers now owns 450,515 shares of the company’s stock valued at $241,000 after acquiring an additional 21,671 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Americas Gold and Silver during the 1st quarter worth $1,677,000. XTX Topco Ltd grew its stake in shares of Americas Gold and Silver by 494.6% during the 1st quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock worth $64,000 after purchasing an additional 101,655 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Americas Gold and Silver by 51.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 648,500 shares of the company’s stock valued at $347,000 after purchasing an additional 221,500 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. HC Wainwright reissued a “buy” rating and set a $4.90 price objective (up previously from $3.40) on shares of Americas Gold and Silver in a report on Tuesday, November 11th. Desjardins began coverage on shares of Americas Gold and Silver in a research report on Friday, September 26th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $4.90.

Americas Gold and Silver Trading Down 4.4%

Shares of USAS opened at $3.71 on Tuesday. 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 Corporation has a 1-year low of $0.80 and a 1-year high of $5.12. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -11.42 and a beta of 0.66. The firm has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $2.72.

About Americas Gold and Silver

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.