Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Falls 7.4% – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares traded down 7.4% during trading on Tuesday. The company traded as low as $3.03 and last traded at $3.0450. 867,884 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 5,321,854 shares. The stock had previously closed at $3.29.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Americas Gold and Silver in a report on Wednesday, October 14th. They set a “buy” rating on the stock. National Bank Financial started coverage on Americas Gold and Silver in a report on Thursday, October 8th. They issued an “outperform” rating for the company. Zacks Research lowered Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $9.25 price target on shares of Americas Gold and Silver in a research report on Tuesday, October 20th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.25.

Americas Gold and Silver Price Performance

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 company’s 50-day moving average price is $4.21 and its 200-day moving average price is $5.59. The company has a market cap of $1.00 billion, a P/E ratio of -15.55 and a beta of 0.98.

Institutional Trading of Americas Gold and Silver

A number of institutional investors have recently modified their holdings of USAS. Farther Finance Advisors LLC acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at approximately $29,000. State of Wyoming bought a new stake in Americas Gold and Silver in the 1st quarter valued at approximately $43,000. NewEdge Advisors LLC bought a new stake in Americas Gold and Silver in the 1st quarter valued at approximately $46,000. Brookstone Capital Management acquired a new position in Americas Gold and Silver during the 3rd quarter worth approximately $46,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Americas Gold and Silver during the 3rd quarter worth approximately $51,000. 13.38% of the stock is currently owned by institutional investors.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a mining company focused on the exploration, development and production of precious and base metals. Its products include silver, lead, zinc, copper and gold. The company operates the Galena Complex in Idaho, where its mines produce silver and associated metals, and the Cosalá Operations in Sinaloa, Mexico, which include the San Rafael mine. Its activities span both the United States and Mexico. Americas Gold and Silver was formed in 2019 through the combination of Americas Silver Corporation and Pershing Gold Corporation.