Americas Gold and Silver (NYSEAMERICAN:USAS) Trading Down 4.3% – Should You Sell?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) fell 4.3% on Monday . The company traded as low as $6.27 and last traded at $6.2660. 989,284 shares traded hands during trading, a decline of 86% from the average session volume of 7,110,521 shares. The stock had previously closed at $6.55.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on USAS. BMO Capital Markets began coverage on Americas Gold and Silver in a research report on Wednesday, April 1st. They set an “outperform” rating on the stock. Canaccord Genuity Group began coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They set a “buy” rating on the stock. TD Securities began coverage on Americas Gold and Silver in a research report on Monday, February 9th. They set a “buy” rating on the stock. Finally, HC Wainwright reissued a “buy” rating and set a $9.75 target price on shares of Americas Gold and Silver in a research report on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Down 8.0%

The company has a quick ratio of 1.66, a current ratio of 1.78 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $7.00 and a two-hundred day simple moving average of $5.91. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -18.40 and a beta of 0.83.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Montrusco Bolton Investments Inc. bought a new position in shares of Americas Gold and Silver in the third quarter valued at approximately $9,954,000. TD Asset Management Inc bought a new position in shares of Americas Gold and Silver in the third quarter valued at approximately $819,000. Waratah Capital Advisors Ltd. bought a new position in shares of Americas Gold and Silver in the third quarter valued at approximately $645,000. PCJ Investment Counsel Ltd. bought a new position in shares of Americas Gold and Silver in the third quarter valued at approximately $1,585,000. Finally, Gamco Investors INC. ET AL raised its stake in shares of Americas Gold and Silver by 115.7% in the third quarter. Gamco Investors INC. ET AL now owns 731,462 shares of the company’s stock valued at $2,721,000 after acquiring an additional 392,422 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

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.