Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down – Should You Sell?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) gapped down before the market opened on Tuesday . The stock had previously closed at $5.37, but opened at $5.10. Americas Gold and Silver shares last traded at $5.2050, with a volume of 556,668 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on USAS shares. HC Wainwright decreased their target price on Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Zacks Research lowered Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Americas Gold and Silver Price Performance

The firm has a market cap of $1.84 billion, a PE ratio of -28.58 and a beta of 1.04. The firm’s fifty day simple moving average is $4.67 and its two-hundred day simple moving average is $5.81. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

Hedge Funds Weigh In On Americas Gold and Silver

Several large investors have recently made changes to their positions in the business. NewGen Equity Long Short Fund purchased a new stake in shares of Americas Gold and Silver during the second quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Americas Gold and Silver in the second quarter worth $10,574,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Americas Gold and Silver by 554.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after buying an additional 3,813,582 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Americas Gold and Silver during the fourth quarter worth $12,999,000. Finally, Alps Advisors Inc. grew its stake in Americas Gold and Silver by 62.9% during the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock valued at $30,009,000 after acquiring an additional 2,267,956 shares in the last quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

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.