Americas Gold and Silver (NYSEAMERICAN:USAS) Reaches New 52-Week High – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $10.50 and last traded at $9.6930, with a volume of 3373427 shares traded. The stock had previously closed at $9.29.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Stock Performance

The stock has a market cap of $3.06 billion, a PE ratio of -36.91 and a beta of 0.60. 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 stock has a 50-day simple moving average of $5.36 and a 200-day simple moving average of $3.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in Americas Gold and Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after buying an additional 207,724 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver during the 1st quarter valued at $59,000. Jane Street Group LLC lifted its holdings in shares of Americas Gold and Silver by 38.9% during the 1st quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock valued at $92,000 after acquiring an additional 48,616 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Americas Gold and Silver by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock worth $32,000 after purchasing an additional 14,000 shares during the period. Finally, U S Global Investors Inc. increased its holdings in Americas Gold and Silver by 275.0% in the 2nd quarter. U S Global Investors Inc. now owns 1,500,000 shares of the company’s stock valued at $1,213,000 after purchasing an additional 1,100,000 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

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.