Sprott Inc. Makes New $2.10 Million Investment in Americas Silver Corp (NYSEAMERICAN:USAS)

Sprott Inc. bought a new stake in Americas Silver Corp (NYSEAMERICAN:USAS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,472,102 shares of the company’s stock, valued at approximately $2,099,000. Sprott Inc. owned 2.21% of Americas Silver as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in USAS. XTX Topco Ltd purchased a new stake in shares of Americas Silver during the 3rd quarter worth approximately $26,000. Alpha Cubed Investments LLC purchased a new stake in Americas Silver during the fourth quarter worth $274,000. Hollencrest Capital Management boosted its position in Americas Silver by 34.4% during the third quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock worth $372,000 after purchasing an additional 311,648 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Americas Silver in the third quarter valued at $631,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Americas Silver Trading Down 3.0 %

Shares of USAS stock opened at $0.48 on Wednesday. Americas Silver Corp has a 1-year low of $0.20 and a 1-year high of $0.60. The stock has a market cap of $119.49 million, a PE ratio of -2.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42.

Analysts Set New Price Targets

Separately, Cormark upgraded shares of Americas Silver to a “moderate buy” rating in a research report on Thursday, January 23rd.

About Americas Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.