Americas Gold and Silver (NYSEAMERICAN:USAS) Trading 14.3% Higher – Time to Buy?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) rose 14.3% on Thursday . The company traded as high as $8.12 and last traded at $8.1480. Approximately 2,687,927 shares changed hands during trading, a decline of 59% from the average daily volume of 6,620,213 shares. The stock had previously closed at $7.13.

Analysts Set New Price Targets

USAS has been the subject of several recent research reports. Desjardins started coverage on Americas Gold and Silver in a report on Friday, September 26th. They set a “buy” rating for the company. HC Wainwright restated a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Price Performance

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 $2.71 billion, a PE ratio of -32.62 and a beta of 0.60. The business’s 50 day moving average is $5.17 and its two-hundred day moving average is $3.85.

Institutional Investors Weigh In On Americas Gold and Silver

A number of institutional investors and hedge funds have recently modified their holdings of USAS. NewGen Equity Long Short Fund purchased a new position in Americas Gold and Silver during the second quarter valued at approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Americas Gold and Silver during the second quarter valued at $10,574,000. Montrusco Bolton Investments Inc. purchased a new position in Americas Gold and Silver during the third quarter worth about $9,954,000. Tidal Investments LLC grew its position in Americas Gold and Silver by 56.0% during the second quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock worth $4,500,000 after buying an additional 2,000,563 shares in the last quarter. Finally, U S Global Investors Inc. increased its stake in Americas Gold and Silver by 275.0% in the 2nd quarter. U S Global Investors Inc. now owns 1,500,000 shares of the company’s stock worth $1,213,000 after acquiring an additional 1,100,000 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.