Traders Purchase Large Volume of Call Options on Americas Gold and Silver (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the target of some unusual options trading activity on Thursday. Traders bought 21,482 call options on the stock. This is an increase of approximately 199% compared to the average daily volume of 7,183 call options.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. HC Wainwright reiterated a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a report on Friday, April 17th. BMO Capital Markets began coverage on shares of Americas Gold and Silver in a report on Wednesday, April 1st. They set an “outperform” rating for the company. Canaccord Genuity Group began coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating for the company. Finally, TD Securities began coverage on shares of Americas Gold and Silver in a report on Monday, February 9th. They set a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $9.75.

Institutional Trading of Americas Gold and Silver

A number of hedge funds have recently added to or reduced their stakes in USAS. NewGen Equity Long Short Fund acquired a new stake in Americas Gold and Silver during the 2nd quarter worth approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Americas Gold and Silver during the 2nd quarter worth approximately $10,574,000. Montrusco Bolton Investments Inc. acquired a new stake in shares of Americas Gold and Silver in the 3rd quarter worth $9,954,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Americas Gold and Silver in the 4th quarter worth $12,999,000. Finally, Alps Advisors Inc. lifted its stake in shares of Americas Gold and Silver by 62.9% in the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after acquiring an additional 2,267,956 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

Americas Gold and Silver Stock Up 5.5%

Shares of Americas Gold and Silver stock traded up $0.36 during trading hours on Thursday, hitting $6.85. The company had a trading volume of 2,349,181 shares, compared to its average volume of 6,799,336. The company’s 50-day moving average is $6.69 and its two-hundred day moving average is $6.00. Americas Gold and Silver has a twelve month low of $1.33 and a twelve month high of $10.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.78 and a quick ratio of 1.66. The company has a market cap of $2.23 billion, a P/E ratio of -21.06 and a beta of 0.86.

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.