Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Up 9.4% – Time to Buy?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shot up 9.4% during trading on Monday . The stock traded as high as $5.84 and last traded at $5.8860. 2,556,397 shares were traded during mid-day trading, a decline of 66% from the average session volume of 7,608,110 shares. The stock had previously closed at $5.38.

Wall Street Analysts Forecast Growth

USAS has been the subject of a number of research analyst reports. HC Wainwright restated a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Canaccord Genuity Group assumed coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They issued a “buy” rating on the stock. Finally, TD Securities assumed coverage on Americas Gold and Silver in a research note on Monday, February 9th. They set a “buy” rating for the company. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Americas Gold and Silver presently has a consensus rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Trading Down 1.9%

The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average is $7.77 and its 200-day moving average is $5.55. The company has a market cap of $1.86 billion, a PE ratio of -22.35 and a beta of 0.53.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in USAS. Montrusco Bolton Investments Inc. bought a new stake in shares of Americas Gold and Silver in the 3rd quarter valued at approximately $9,954,000. Waratah Capital Advisors Ltd. purchased a new position in shares of Americas Gold and Silver in the 3rd quarter worth approximately $645,000. TD Asset Management Inc bought a new position in shares of Americas Gold and Silver during the 3rd quarter valued at approximately $819,000. Gamco Investors INC. ET AL increased its position in shares of Americas Gold and Silver by 115.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 731,462 shares of the company’s stock valued at $2,721,000 after purchasing an additional 392,422 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. purchased a new stake in Americas Gold and Silver during the 3rd quarter valued at $1,585,000. Institutional investors 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.