Americas Gold and Silver (NYSEAMERICAN:USAS) Reaches New 1-Year High – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $6.92 and last traded at $6.7350, with a volume of 1214611 shares traded. The stock had previously closed at $6.48.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on USAS. Desjardins started coverage on Americas Gold and Silver in a research report on Friday, September 26th. They issued a “buy” rating on the stock. HC Wainwright reiterated a “buy” rating and issued 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, the stock presently has a consensus rating of “Buy” and a consensus price target of $4.90.

Americas Gold and Silver Trading Up 5.5%

The stock has a market capitalization of $2.18 billion, a PE ratio of -26.25 and a beta of 0.60. The stock’s 50 day moving average price is $5.06 and its 200-day moving average price is $3.79. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On Americas Gold and Silver

Several large investors have recently made changes to their positions in the business. AA Financial Advisors LLC boosted its stake in shares of Americas Gold and Silver by 104.0% in the fourth quarter. AA Financial Advisors LLC now owns 51,000 shares of the company’s stock worth $261,000 after acquiring an additional 26,000 shares during the period. Hudson Bay Capital Management LP purchased a new position in Americas Gold and Silver in the 3rd quarter worth approximately $42,000. Susquehanna International Group LLP bought a new position in Americas Gold and Silver in the 3rd quarter worth approximately $93,000. Quarry LP bought a new position in Americas Gold and Silver in the 3rd quarter worth approximately $454,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in Americas Gold and Silver during the 3rd quarter valued at approximately $771,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

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.