Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – Time to Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) gapped up prior to trading on Monday . The stock had previously closed at $4.44, but opened at $4.60. Americas Gold and Silver shares last traded at $4.5460, with a volume of 798,045 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on USAS shares. Desjardins assumed coverage on shares of Americas Gold and Silver in a research note on Friday, September 26th. They set a “buy” rating on the stock. HC Wainwright reiterated a “buy” rating and set a $4.90 target price (up previously from $3.40) on shares of Americas Gold and Silver in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $4.90.

Americas Gold and Silver Stock Performance

The company has a current ratio of 1.14, a quick ratio of 1.03 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -14.14 and a beta of 0.66. The stock’s 50 day moving average is $3.99 and its two-hundred day moving average is $2.88.

Hedge Funds Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in Americas Gold and Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after acquiring an additional 207,724 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Americas Gold and Silver by 5.1% in the first quarter. Cetera Investment Advisers now owns 450,515 shares of the company’s stock valued at $241,000 after purchasing an additional 21,671 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Americas Gold and Silver during the first quarter worth approximately $1,677,000. XTX Topco Ltd raised its stake in shares of Americas Gold and Silver by 494.6% during the first quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock worth $64,000 after purchasing an additional 101,655 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Americas Gold and Silver by 51.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 648,500 shares of the company’s stock worth $347,000 after purchasing an additional 221,500 shares during the period. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

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.