The Manufacturers Life Insurance Company Has $9.04 Million Stock Holdings in Americas Gold and Silver Corporation $USAS

The Manufacturers Life Insurance Company increased its position in shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) by 16.7% during the 1st quarter, Holdings Channel reports. The fund owned 1,736,192 shares of the company’s stock after buying an additional 248,877 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Americas Gold and Silver were worth $9,043,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. State of Wyoming acquired a new stake in Americas Gold and Silver in the first quarter worth $43,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Americas Gold and Silver during the second quarter worth $46,000. Stone House Investment Management LLC grew its holdings in shares of Americas Gold and Silver by 130.2% in the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after buying an additional 5,236 shares during the period. Truist Financial Corp acquired a new position in shares of Americas Gold and Silver in the 4th quarter valued at $51,000. Finally, Leonteq Securities AG bought a new stake in shares of Americas Gold and Silver in the 1st quarter valued at $56,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analysts Set New Price Targets

USAS has been the topic of several research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research note on Friday, April 17th. BMO Capital Markets reissued an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Americas Gold and Silver currently has a consensus rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Trading Up 7.1%

Shares of NYSEAMERICAN:USAS opened at $4.09 on Tuesday. Americas Gold and Silver Corporation has a 12 month low of $2.18 and a 12 month high of $10.50. The company has a quick ratio of 1.54, a current ratio of 1.68 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $4.80 and its 200 day simple moving average is $6.18. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -18.59 and a beta of 0.95.

About Americas Gold and Silver

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.