Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – Here’s Why

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $7.01, but opened at $7.72. Americas Gold and Silver shares last traded at $7.41, with a volume of 1,200,187 shares changing hands.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Trading Down 11.0%

The firm has a market cap of $2.10 billion, a P/E ratio of -25.27 and a beta of 0.58. The company’s fifty day moving average price is $6.06 and its two-hundred day moving average price is $4.26. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96.

Institutional Investors Weigh In On Americas Gold and Silver

A number of hedge funds have recently added to or reduced their stakes in the stock. NewGen Equity Long Short Fund acquired a new position in shares of Americas Gold and Silver during the second quarter worth approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Americas Gold and Silver during the 2nd quarter worth $10,574,000. Tidal Investments LLC boosted its position in Americas Gold and Silver by 56.0% in the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock valued at $4,500,000 after buying an additional 2,000,563 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Americas Gold and Silver by 38.6% in the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company’s stock valued at $2,521,000 after buying an additional 869,500 shares during the period. Finally, Montrusco Bolton Investments Inc. bought a new stake in shares of Americas Gold and Silver during the third quarter worth $9,954,000. Institutional investors own 13.38% of the company’s stock.

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.