Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Falls 7.4% – What’s Next?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) traded down 7.4% during trading on Tuesday. The company traded as low as $3.03 and last traded at $3.0450. Approximately 867,884 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 5,321,854 shares. The stock had previously closed at $3.29.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on USAS. HC Wainwright reaffirmed a “buy” rating and issued a $9.25 target price on shares of Americas Gold and Silver in a research report on Tuesday, October 20th. Stifel Nicolaus started coverage on shares of Americas Gold and Silver in a research report on Wednesday, October 14th. They set a “buy” rating on the stock. Zacks Research downgraded shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Finally, National Bank Financial began coverage on Americas Gold and Silver in a report on Thursday, October 8th. They issued an “outperform” rating for the company. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.25.

Americas Gold and Silver Price Performance

The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -15.55 and a beta of 0.98. The company has a 50-day simple moving average of $4.21 and a two-hundred day simple moving average of $5.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62.

Hedge Funds Weigh In On Americas Gold and Silver

A number of institutional investors have recently added to or reduced their stakes in USAS. Farther Finance Advisors LLC acquired a new stake in shares of Americas Gold and Silver in the third quarter valued at approximately $29,000. State of Wyoming bought a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $43,000. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $46,000. Brookstone Capital Management acquired a new position in shares of Americas Gold and Silver during the 3rd quarter worth approximately $46,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Americas Gold and Silver during the 3rd quarter worth approximately $51,000. 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 mining company focused on the exploration, development and production of precious and base metals. Its products include silver, lead, zinc, copper and gold. The company operates the Galena Complex in Idaho, where its mines produce silver and associated metals, and the Cosalá Operations in Sinaloa, Mexico, which include the San Rafael mine. Its activities span both the United States and Mexico. Americas Gold and Silver was formed in 2019 through the combination of Americas Silver Corporation and Pershing Gold Corporation.