Americas Gold and Silver (NYSEAMERICAN:USAS) Trading 10.4% Higher – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares rose 10.4% during trading on Wednesday . The company traded as high as $5.36 and last traded at $5.4650. 1,746,757 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 5,780,444 shares. The stock had previously closed at $4.95.

Analyst Ratings Changes

Several research firms have issued reports on USAS. Zacks Research downgraded Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. BMO Capital Markets reissued an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Finally, HC Wainwright cut their price target on shares of Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Americas Gold and Silver has an average rating of “Moderate Buy” and an average target price of $9.25.

Americas Gold and Silver Stock Performance

The company has a fifty day moving average of $4.63 and a two-hundred day moving average of $5.97. The stock has a market capitalization of $1.80 billion, a P/E ratio of -27.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54.

Institutional Investors Weigh In On Americas Gold and Silver

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming acquired a new position in Americas Gold and Silver in the first quarter worth $43,000. NewEdge Advisors LLC bought a new position in shares of Americas Gold and Silver in the 1st quarter worth about $46,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Americas Gold and Silver in the 2nd quarter worth about $46,000. Truist Financial Corp bought a new position in Americas Gold and Silver in the fourth quarter worth about $51,000. Finally, Leonteq Securities AG acquired a new position in Americas Gold and Silver during the 1st quarter valued at approximately $56,000. 13.38% of the stock is owned by institutional investors and hedge funds.

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.