Americas Gold and Silver (NYSEAMERICAN:USAS) Trading Down 7.4% – Should You Sell?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) dropped 7.4% during mid-day trading on Wednesday . The stock traded as low as $4.84 and last traded at $4.8690. 902,638 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 5,600,578 shares. The stock had previously closed at $5.26.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. HC Wainwright dropped their target price on shares of Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating for the company in a report on Wednesday, August 19th. Zacks Research upgraded shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research report on Monday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.25.

Americas Gold and Silver Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The firm’s 50-day moving average price is $4.82 and its two-hundred day moving average price is $5.47. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -25.39 and a beta of 1.04.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its position in Americas Gold and Silver by 62.9% in the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock valued at $30,009,000 after purchasing an additional 2,267,956 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Americas Gold and Silver by 554.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after acquiring an additional 3,813,582 shares during the period. Gabelli Funds LLC raised its stake in shares of Americas Gold and Silver by 14,000.0% in the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock valued at $11,040,000 after acquiring an additional 2,100,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Americas Gold and Silver by 16.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock valued at $9,043,000 after purchasing an additional 248,877 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Americas Gold and Silver during the 1st quarter worth $5,468,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.