Americas Gold and Silver Sees Unusually Large Options Volume (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 15,194 call options on the stock. This represents an increase of 224% compared to the average daily volume of 4,686 call options.

Hedge Funds Weigh In On Americas Gold and Silver

A number of institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Americas Gold and Silver in the first quarter valued at approximately $43,000. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver during the 1st quarter worth $46,000. Stone House Investment Management LLC lifted its holdings in Americas Gold and Silver by 130.2% during the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock worth $47,000 after buying an additional 5,236 shares in the last quarter. Truist Financial Corp bought a new position in Americas Gold and Silver in the 4th quarter valued at $51,000. Finally, Leonteq Securities AG bought a new position in Americas Gold and Silver in the 1st quarter valued at $56,000. 13.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on USAS. HC Wainwright reiterated a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a research report on Friday, April 17th. BMO Capital Markets restated an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, Americas Gold and Silver currently has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Price Performance

Shares of Americas Gold and Silver stock traded up $0.36 during mid-day trading on Wednesday, reaching $4.75. 2,319,892 shares of the stock were exchanged, compared to its average volume of 5,835,886. Americas Gold and Silver has a fifty-two week low of $2.18 and a fifty-two week high of $10.50. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -21.59 and a beta of 0.95. The firm has a 50-day simple moving average of $4.77 and a 200 day simple moving average of $6.17. The company has a current ratio of 1.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19.

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.