Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Down 4.4% – Here’s Why

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price traded down 4.4% on Wednesday . The stock traded as low as $5.10 and last traded at $5.1050. 2,364,652 shares were traded during trading, an increase of 57% from the average session volume of 1,510,532 shares. The stock had previously closed at $5.34.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on USAS shares. Desjardins started coverage on Americas Gold and Silver in a research report on Friday, September 26th. They set a “buy” rating on the stock. HC Wainwright restated a “buy” rating and set a $4.90 price objective (up previously from $3.40) on shares of Americas Gold and Silver in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $4.90.

Americas Gold and Silver Trading Down 2.9%

The firm has a market cap of $1.65 billion, a P/E ratio of -19.98 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The company’s 50 day moving average is $4.57 and its two-hundred day moving average is $3.43.

Institutional Investors Weigh In On Americas Gold and Silver

A number of hedge funds and other institutional investors have recently modified their holdings of USAS. Gabelli Funds LLC lifted its holdings in shares of Americas Gold and Silver by 50.0% during the third quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock worth $56,000 after purchasing an additional 5,000 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of Americas Gold and Silver during the third quarter valued at about $42,000. Baader Bank Aktiengesellschaft increased its position in shares of Americas Gold and Silver by 24.1% during the third quarter. Baader Bank Aktiengesellschaft now owns 70,000 shares of the company’s stock worth $261,000 after acquiring an additional 13,616 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Americas Gold and Silver by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock worth $32,000 after acquiring an additional 14,000 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Americas Gold and Silver during the 3rd quarter valued at about $93,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

About Americas Gold and Silver

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.