Citigroup Inc. Cuts Stock Holdings in Americas Gold and Silver Corporation $USAS

Citigroup Inc. lowered its stake in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 54.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 733,343 shares of the company’s stock after selling 864,314 shares during the quarter. Citigroup Inc. owned 0.27% of Americas Gold and Silver worth $2,735,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. AA Financial Advisors LLC purchased a new position in Americas Gold and Silver during the 3rd quarter worth $93,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Americas Gold and Silver in the second quarter valued at about $46,000. Baader Bank Aktiengesellschaft raised its holdings in shares of Americas Gold and Silver by 24.1% in the third quarter. Baader Bank Aktiengesellschaft now owns 70,000 shares of the company’s stock valued at $261,000 after purchasing an additional 13,616 shares during the last quarter. Fiducient Advisors LLC bought a new position in shares of Americas Gold and Silver during the second quarter valued at about $81,000. Finally, Lido Advisors LLC bought a new position in shares of Americas Gold and Silver during the second quarter valued at about $85,000. 13.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

USAS has been the subject of several analyst reports. TD Securities assumed coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They issued a “buy” rating for the company. HC Wainwright reaffirmed a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group assumed coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver currently has a consensus rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Down 3.6%

Americas Gold and Silver stock opened at $8.21 on Friday. The firm has a 50 day moving average price of $7.38 and a 200-day moving average price of $5.13. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96. Americas Gold and Silver Corporation has a twelve month low of $0.99 and a twelve month high of $10.50. The company has a market capitalization of $2.63 billion, a P/E ratio of -31.58 and a beta of 0.53.

Americas Gold and Silver 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.