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 Tuesday . The stock had previously closed at $7.01, but opened at $7.72. Americas Gold and Silver shares last traded at $7.41, with a volume of 1,200,187 shares changing hands.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Price Performance

The firm has a market capitalization of $2.34 billion, a P/E ratio of -28.15 and a beta of 0.57. 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 50 day moving average price of $5.93 and a 200-day moving average price of $4.21.

Institutional Investors Weigh In On Americas Gold and Silver

Institutional investors and hedge funds have recently bought and sold shares of the company. U S Global Investors Inc. raised its position in shares of 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 worth $1,213,000 after acquiring an additional 1,100,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Americas Gold and Silver by 75.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,135,900 shares of the company’s stock valued at $918,000 after acquiring an additional 487,400 shares in the last quarter. Fiducient Advisors LLC acquired a new stake in Americas Gold and Silver in the 2nd quarter worth approximately $81,000. Quadrature Capital Ltd purchased a new stake in Americas Gold and Silver during the 2nd quarter worth approximately $603,000. Finally, Lido Advisors LLC acquired a new position in Americas Gold and Silver during the 2nd quarter valued at approximately $85,000. 13.38% of the stock is 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.