Americas Gold and Silver Sees Unusually Large Options Volume (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the target of some unusual options trading on Friday. Traders acquired 24,729 call options on the stock. This represents an increase of approximately 449% compared to the average volume of 4,506 call options.

Americas Gold and Silver Stock Performance

USAS traded down $0.16 during midday trading on Friday, hitting $4.30. 3,622,649 shares of the company were exchanged, compared to its average volume of 3,439,828. The company’s 50 day simple moving average is $5.53 and its 200 day simple moving average is $6.36. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -19.55 and a beta of 0.91. Americas Gold and Silver has a 1-year low of $2.18 and a 1-year high of $10.50. The company has a current ratio of 1.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19.

Institutional Trading of Americas Gold and Silver

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewGen Equity Long Short Fund purchased a new position in Americas Gold and Silver during the second quarter valued at approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Americas Gold and Silver in the 2nd quarter worth approximately $10,574,000. Alps Advisors Inc. grew its stake in shares of Americas Gold and Silver by 62.9% during the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after purchasing an additional 2,267,956 shares during the period. Tidal Investments LLC grew its stake in shares of Americas Gold and Silver by 56.0% during the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock worth $4,500,000 after purchasing an additional 2,000,563 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Americas Gold and Silver by 554.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock valued at $23,498,000 after purchasing an additional 3,813,582 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on USAS shares. HC Wainwright restated a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a research note on Friday, April 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $9.75.

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.