Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Up 7% – Still a Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) rose 7% on Tuesday . The company traded as high as $4.97 and last traded at $4.9450. Approximately 778,093 shares changed hands during trading, a decline of 40% from the average daily volume of 1,301,408 shares. The stock had previously closed at $4.62.

Analysts Set New Price Targets

Several brokerages have issued reports on USAS. HC Wainwright restated a “buy” rating and issued a $4.90 target price (up from $3.40) on shares of Americas Gold and Silver in a report on Tuesday, November 11th. Desjardins started coverage on shares of Americas Gold and Silver in a report on Friday, September 26th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $4.90.

Americas Gold and Silver Stock Performance

The stock’s 50 day moving average price is $4.14 and its 200 day moving average price is $3.01. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. The firm has a market cap of $1.34 billion, a PE ratio of -18.79 and a beta of 0.66.

Institutional Trading of Americas Gold and Silver

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Americas Gold and Silver by 273,321.1% in the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after purchasing an additional 207,724 shares during the period. Cetera Investment Advisers raised its holdings in Americas Gold and Silver by 5.1% in the first quarter. Cetera Investment Advisers now owns 450,515 shares of the company’s stock valued at $241,000 after acquiring an additional 21,671 shares in the last quarter. XTX Topco Ltd raised its holdings in Americas Gold and Silver by 494.6% in the first quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock valued at $64,000 after acquiring an additional 101,655 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Americas Gold and Silver by 51.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 648,500 shares of the company’s stock valued at $347,000 after acquiring an additional 221,500 shares during the last quarter. Finally, Sprott Inc. grew its holdings in Americas Gold and Silver by 5.2% during the 1st quarter. Sprott Inc. now owns 5,757,602 shares of the company’s stock worth $3,081,000 after acquiring an additional 285,500 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.