Alps Advisors Inc. Sells 576,020 Shares of Americas Gold and Silver Corporation $USAS

Alps Advisors Inc. cut its position in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 13.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,604,591 shares of the company’s stock after selling 576,020 shares during the quarter. Alps Advisors Inc. owned about 1.32% of Americas Gold and Silver worth $13,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new position in Americas Gold and Silver during the second quarter valued at $46,000. NewEdge Advisors LLC bought a new position in shares of Americas Gold and Silver in the 1st quarter worth about $59,000. Bank of America Corp DE lifted its position in 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 acquiring an additional 207,724 shares during the period. Fiducient Advisors LLC bought a new stake in Americas Gold and Silver during the second quarter worth about $81,000. Finally, Lido Advisors LLC purchased a new stake in Americas Gold and Silver in the second quarter worth about $85,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $9.75 target price on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Americas Gold and Silver currently has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Trading Up 8.5%

NYSEAMERICAN:USAS opened at $7.13 on Monday. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -27.42 and a beta of 0.57. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average price is $6.16 and its 200-day moving average price is $4.34. Americas Gold and Silver Corporation has a 52 week low of $0.99 and a 52 week high of $10.50.

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.