Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – Time to Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $2.71, but opened at $2.97. Americas Gold and Silver shares last traded at $2.8950, with a volume of 1,287,051 shares.

Analysts Set New Price Targets

USAS has been the subject of a number of recent research reports. National Bank Financial started coverage on shares of Americas Gold and Silver in a report on Thursday, October 8th. They set an “outperform” rating for the company. HC Wainwright reissued a “buy” rating and set a $9.25 price objective on shares of Americas Gold and Silver in a research note on Tuesday, October 20th. Zacks Research lowered shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Finally, Stifel Nicolaus started coverage on shares of Americas Gold and Silver in a research report on Wednesday, October 14th. They set a “buy” rating on the stock. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Price Performance

The company’s 50-day moving average is $4.30 and its 200-day moving average is $5.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -15.52 and a beta of 0.98.

Hedge Funds Weigh In On Americas Gold and Silver

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in Americas Gold and Silver in the third quarter valued at $29,000. State of Wyoming purchased a new stake in Americas Gold and Silver during the first quarter valued at about $43,000. NewEdge Advisors LLC purchased a new stake in Americas Gold and Silver during the first quarter valued at about $46,000. Brookstone Capital Management purchased a new stake in Americas Gold and Silver during the third quarter valued at about $46,000. Finally, Leonteq Securities AG acquired a new stake in Americas Gold and Silver during the first quarter worth about $56,000. Hedge funds and other 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 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.