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

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) gapped up prior to trading on Tuesday . The stock had previously closed at $4.67, but opened at $4.99. Americas Gold and Silver shares last traded at $5.0450, with a volume of 1,018,146 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on USAS. Canaccord Genuity Group began coverage on Americas Gold and Silver in a report on Tuesday, February 24th. They issued a “buy” rating on the stock. TD Securities started coverage on Americas Gold and Silver in a report on Monday, February 9th. They set a “buy” rating for the company. Finally, HC Wainwright reiterated a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Up 7.2%

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -19.26 and a beta of 0.53. The firm has a fifty day moving average price of $7.70 and a 200 day moving average price of $5.62.

Institutional Investors Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently bought and sold shares of the business. Montrusco Bolton Investments Inc. acquired a new position in shares of Americas Gold and Silver during the 3rd quarter worth $9,954,000. TD Asset Management Inc purchased a new stake in Americas Gold and Silver during the third quarter worth about $819,000. Waratah Capital Advisors Ltd. purchased a new position in Americas Gold and Silver in the third quarter valued at about $645,000. PCJ Investment Counsel Ltd. acquired a new stake in shares of Americas Gold and Silver during the 3rd quarter valued at approximately $1,585,000. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Americas Gold and Silver by 115.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 731,462 shares of the company’s stock worth $2,721,000 after acquiring an additional 392,422 shares in the last quarter. 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 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.