Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down – Time to Sell?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $8.65, but opened at $7.36. Americas Gold and Silver shares last traded at $8.0170, with a volume of 1,698,589 shares traded.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Trading Down 9.6%

The stock has a market cap of $2.49 billion, a P/E ratio of -30.15 and a beta of 0.60. The firm’s 50 day simple moving average is $5.79 and its two-hundred day simple moving average is $4.11. 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

A number of hedge funds and other institutional investors have recently bought and sold shares of USAS. Gabelli Funds LLC boosted its holdings in shares of Americas Gold and Silver by 50.0% during the third quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after acquiring an additional 5,000 shares during the period. Stone House Investment Management LLC raised its holdings in Americas Gold and Silver by 130.2% during the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock worth $47,000 after purchasing an additional 5,236 shares in the last quarter. Wealthcare Capital Management LLC acquired a new stake in Americas Gold and Silver in the fourth quarter worth approximately $57,000. Hudson Bay Capital Management LP bought a new position in Americas Gold and Silver during the 3rd quarter valued at $42,000. Finally, Baader Bank Aktiengesellschaft increased its position in shares of Americas Gold and Silver by 24.1% during the 3rd quarter. Baader Bank Aktiengesellschaft now owns 70,000 shares of the company’s stock valued at $261,000 after purchasing an additional 13,616 shares during the period. 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 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.