Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $5.31, but opened at $5.08. Americas Gold and Silver shares last traded at $5.11, with a volume of 1,313,146 shares traded.

Analyst Ratings Changes

A number of research firms have recently commented on USAS. Desjardins assumed coverage on Americas Gold and Silver in a report on Friday, September 26th. They set a “buy” rating for the company. HC Wainwright reissued a “buy” rating and set a $4.90 price target (up previously from $3.40) on shares of Americas Gold and Silver in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $4.90.

Americas Gold and Silver Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. The firm has a market cap of $1.71 billion, a PE ratio of -20.65 and a beta of 0.60. The stock’s 50 day moving average price is $4.74 and its 200 day moving average price is $3.57.

Institutional Investors Weigh In On Americas Gold and Silver

Large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in Americas Gold and Silver by 273,321.1% in the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after acquiring an additional 207,724 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Americas Gold and Silver during the first quarter valued at about $59,000. Jane Street Group LLC lifted its stake in shares of Americas Gold and Silver by 38.9% in the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock worth $92,000 after acquiring an additional 48,616 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Americas Gold and Silver by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock valued at $32,000 after buying an additional 14,000 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of Americas Gold and Silver in the second quarter worth $46,000. 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.