Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down – What’s Next?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) gapped down before the market opened on Wednesday . The stock had previously closed at $4.90, but opened at $4.65. Americas Gold and Silver shares last traded at $4.6310, with a volume of 1,049,591 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Canaccord Genuity Group began coverage on shares of Americas Gold and Silver in a research report on Tuesday, February 24th. They issued a “buy” rating on the stock. Finally, HC Wainwright restated a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research note on Friday, April 17th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Stock Performance

The company has a market capitalization of $1.56 billion, a PE ratio of -20.99 and a beta of 0.86. The company has a quick ratio of 1.54, a current ratio of 1.68 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $5.90 and a two-hundred day moving average price of $6.42.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. NewGen Equity Long Short Fund purchased a new stake in shares of Americas Gold and Silver in the second quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Americas Gold and Silver during the second quarter valued at approximately $10,574,000. Alps Advisors Inc. increased its holdings in Americas Gold and Silver by 62.9% during the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after acquiring an additional 2,267,956 shares during the period. Tidal Investments LLC increased its holdings in Americas Gold and Silver by 56.0% during the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock worth $4,500,000 after acquiring an additional 2,000,563 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Americas Gold and Silver by 554.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after purchasing an additional 3,813,582 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 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.