Americas Gold and Silver (NYSEAMERICAN:USAS) Sets New 52-Week Low – Here’s Why

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) reached a new 52-week low on Wednesday. The company traded as low as $3.51 and last traded at $3.5350, with a volume of 1,945,446 shares. The stock had previously closed at $3.61.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on USAS. Zacks Research upgraded shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver in a research report on Wednesday, October 14th. They issued a “buy” rating on the stock. National Bank Financial began coverage on shares of Americas Gold and Silver in a research note on Thursday, October 8th. They set an “outperform” rating on the stock. Finally, HC Wainwright reiterated a “buy” rating and set a $9.25 price target on shares of Americas Gold and Silver in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Trading Down 1.3%

The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -18.76 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The business has a 50-day moving average of $4.84 and a 200-day moving average of $5.13.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in USAS. Renaissance Technologies LLC purchased a new stake in Americas Gold and Silver in the first quarter valued at approximately $5,468,000. Walleye Capital LLC boosted its holdings in shares of Americas Gold and Silver by 110.3% in the first quarter. Walleye Capital LLC now owns 706,630 shares of the company’s stock valued at $3,689,000 after acquiring an additional 370,683 shares during the period. Gabelli Funds LLC grew its position in shares of Americas Gold and Silver by 14,000.0% during the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after acquiring an additional 2,100,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Americas Gold and Silver by 16.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock worth $9,043,000 after acquiring an additional 248,877 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. purchased a new position in shares of Americas Gold and Silver during the first quarter worth approximately $2,861,000. Institutional investors and hedge funds 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 primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

The company’s principal producing assets include the Galena Complex in Idaho, which is an underground silver-lead mining operation, and the Cosalá Operations in Sinaloa, Mexico. The Cosalá complex includes the San Rafael mine and associated processing infrastructure.