Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – What’s Next?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $4.13, but opened at $4.30. Americas Gold and Silver shares last traded at $4.3770, with a volume of 1,234,819 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. HC Wainwright reissued a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a report on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Trading Up 4.2%

The stock has a 50 day moving average of $5.18 and a 200 day moving average of $6.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54. The firm has a market cap of $1.45 billion, a P/E ratio of -19.57 and a beta of 0.91.

Hedge Funds Weigh In On Americas Gold and Silver

Several institutional investors have recently modified their holdings of USAS. Hudson Bay Capital Management LP purchased a new position in shares of Americas Gold and Silver during the 3rd quarter valued at about $42,000. State of Wyoming bought a new position in Americas Gold and Silver during the first quarter valued at approximately $43,000. NewEdge Advisors LLC bought a new position in Americas Gold and Silver during the first quarter valued at approximately $46,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Americas Gold and Silver during the second quarter worth approximately $46,000. Finally, Stone House Investment Management LLC raised its stake in shares of 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 acquiring an additional 5,236 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.

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.