Americas Gold And Silver Cor (USAS) 13F Investor Activity Report (Q2 2026)

USAS ranks #3593 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

USAS is a top-conviction position for Merk Investments LLC — at 29.2% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

TD Waterhouse Canada Inc. has trimmed its USAS position for two straight quarters, cutting it by $79.1K while still holding $166.0K.

USAS is down 2.1% today, but institutions show net buying of $71.7M this quarter — a divergence between today's price move and the underlying institutional flow.

USAS reported a net loss of $82.3M over the trailing twelve months.

• Not yet profitable — net loss of $82.3M over the trailing twelve months
• Revenue grew 48.0% year over year
• Operating cash flow was negative, using $1.0M in cash
• Current ratio of 0.38x — below the conventional 1.5x liquidity buffer
• Liabilities run 0.24x equity — within a conventional range