Americas Gold and Silver (NYSEAMERICAN:USAS) Hits New 52-Week High – Time to Buy?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $10.50 and last traded at $9.6930, with a volume of 3373427 shares. The stock had previously closed at $9.29.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Stock Performance

The business has a 50-day simple moving average of $5.58 and a 200 day simple moving average of $4.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The firm has a market cap of $2.94 billion, a PE ratio of -35.50 and a beta of 0.60.

Hedge Funds Weigh In On Americas Gold and Silver

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Americas Gold and Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after purchasing an additional 207,724 shares during the period. NewEdge Advisors LLC purchased a new stake in Americas Gold and Silver in the 1st quarter worth $59,000. Jane Street Group LLC raised its holdings in Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock valued at $92,000 after acquiring an additional 48,616 shares during the period. Goldman Sachs Group Inc. raised its holdings in Americas Gold and Silver by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock valued at $32,000 after acquiring an additional 14,000 shares during the period. Finally, U S Global Investors Inc. lifted its position in shares of Americas Gold and Silver by 275.0% in the second quarter. U S Global Investors Inc. now owns 1,500,000 shares of the company’s stock valued at $1,213,000 after acquiring an additional 1,100,000 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.

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.