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

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) saw unusually large options trading on Monday. Stock traders bought 7,819 call options on the stock. This represents an increase of 134% compared to the average volume of 3,338 call options.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $9.75.

Institutional Trading of Americas Gold and Silver

Several institutional investors and hedge funds have recently bought and sold shares of the stock. NewGen Equity Long Short Fund purchased a new stake in Americas Gold and Silver during the 2nd quarter worth approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Americas Gold and Silver during the second quarter worth $10,574,000. Tidal Investments LLC raised its stake in shares of Americas Gold and Silver by 56.0% in the second quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock valued at $4,500,000 after acquiring an additional 2,000,563 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Americas Gold and Silver by 38.6% in the second quarter. Bank of America Corp DE now owns 3,123,373 shares of the company’s stock valued at $2,521,000 after acquiring an additional 869,500 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. purchased a new position in Americas Gold and Silver in the third quarter valued at $9,954,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Americas Gold and Silver Trading Up 2.7%

Shares of NYSEAMERICAN USAS traded up $0.25 during midday trading on Monday, reaching $9.54. 5,253,098 shares of the stock were exchanged, compared to its average volume of 7,415,397. The stock has a market capitalization of $3.04 billion, a P/E ratio of -36.23 and a beta of 0.60. 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 company has a 50 day simple moving average of $5.36 and a 200 day simple moving average of $3.95. Americas Gold and Silver has a twelve month low of $0.99 and a twelve month high of $10.50.

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.