Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) gapped up prior to trading on Friday . The stock had previously closed at $8.48, but opened at $8.83. Americas Gold and Silver shares last traded at $8.8210, with a volume of 3,009,140 shares changing hands.

Analysts Set New Price Targets

USAS has been the topic of a number of research analyst reports. Desjardins assumed coverage on shares of Americas Gold and Silver in a research note on Friday, September 26th. They issued a “buy” rating on the stock. HC Wainwright reiterated a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a report on Thursday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Americas Gold and Silver has a consensus rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Trading Up 5.7%

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The firm has a market cap of $2.86 billion, a PE ratio of -34.59 and a beta of 0.60. The company’s 50 day moving average price is $5.25 and its 200 day moving average price is $3.88.

Hedge Funds Weigh In On Americas Gold and Silver

Institutional investors have recently modified their holdings of the business. Stone House Investment Management LLC raised its stake in shares of Americas Gold and Silver by 130.2% in the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after acquiring an additional 5,236 shares in the last quarter. Wealthcare Capital Management LLC purchased a new stake in Americas Gold and Silver during the 4th quarter worth about $57,000. Hudson Bay Capital Management LP acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at about $42,000. Gabelli Funds LLC raised its position in Americas Gold and Silver by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Greenberg Financial Group purchased a new position in shares of Americas Gold and Silver in the 4th quarter valued at about $102,000. Institutional investors and hedge funds 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.