Quantbot Technologies LP Invests $402,000 in Americas Gold and Silver Corporation $USAS

Quantbot Technologies LP purchased a new position in Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 108,108 shares of the company’s stock, valued at approximately $402,000.

Several other institutional investors and hedge funds have also made changes to their positions in USAS. AA Financial Advisors LLC bought a new position in Americas Gold and Silver during the 3rd quarter valued at $93,000. B. Riley Wealth Advisors Inc. purchased a new stake in Americas Gold and Silver during the second quarter valued at about $46,000. K.J. Harrison & Partners Inc acquired a new position in Americas Gold and Silver in the 3rd quarter worth approximately $249,000. Baader Bank Aktiengesellschaft grew its holdings in shares of Americas Gold and Silver by 24.1% during the third quarter. Baader Bank Aktiengesellschaft now owns 70,000 shares of the company’s stock valued at $261,000 after buying an additional 13,616 shares in the last quarter. Finally, Fiducient Advisors LLC purchased a new position in Americas Gold and Silver during the second quarter valued at approximately $81,000. 13.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Americas Gold and Silver Stock Down 0.5%

Shares of USAS opened at $8.17 on Tuesday. The business’s 50 day simple moving average is $7.44 and its 200-day simple moving average is $5.21. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The company has a market capitalization of $2.62 billion, a P/E ratio of -31.42 and a beta of 0.53. Americas Gold and Silver Corporation has a one year low of $0.99 and a one year 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.