Americas Gold and Silver Corporation $USAS Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its holdings in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 77.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,074,640 shares of the company’s stock after selling 3,666,160 shares during the period. Intact Investment Management Inc. owned 0.39% of Americas Gold and Silver worth $4,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of 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 acquiring an additional 14,000 shares in the last quarter. AA Financial Advisors LLC purchased a new position in Americas Gold and Silver in the third quarter valued at approximately $93,000. Jane Street Group LLC raised its holdings in Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock worth $92,000 after purchasing an additional 48,616 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Americas Gold and Silver during the 2nd quarter worth approximately $46,000. Finally, Fiducient Advisors LLC acquired a new position in shares of Americas Gold and Silver in the 2nd quarter valued at $81,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Price Performance

Shares of USAS opened at $9.01 on Tuesday. Americas Gold and Silver Corporation has a fifty-two week low of $0.99 and a fifty-two week high of $10.50. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of -34.65 and a beta of 0.60. The firm has a 50-day simple moving average of $5.47 and a 200-day simple moving average of $4.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research note on Thursday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Americas Gold and Silver presently has a consensus rating of “Buy” and a consensus 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.