Investors Buy High Volume of Call Options on Americas Gold and Silver (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) saw unusually large options trading activity on Thursday. Stock investors purchased 20,893 call options on the stock. This represents an increase of 358% compared to the typical volume of 4,563 call options.

Americas Gold and Silver Trading Up 9.9%

USAS stock traded up $0.46 during mid-day trading on Thursday, reaching $5.04. 2,207,892 shares of the stock traded hands, compared to its average volume of 5,647,027. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The business has a 50-day moving average price of $4.75 and a two-hundred day moving average price of $5.60. Americas Gold and Silver has a one year low of $2.69 and a one year high of $10.50. The stock has a market capitalization of $1.70 billion, a PE ratio of -26.50 and a beta of 1.04.

Hedge Funds Weigh In On Americas Gold and Silver

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in Americas Gold and Silver during the 1st quarter valued at $5,468,000. Walleye Capital LLC grew its position in shares of Americas Gold and Silver by 110.3% during the 1st quarter. Walleye Capital LLC now owns 706,630 shares of the company’s stock worth $3,689,000 after buying an additional 370,683 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Americas Gold and Silver by 14,000.0% during the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after buying an additional 2,100,000 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of Americas Gold and Silver by 62.9% during the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock valued at $30,009,000 after buying an additional 2,267,956 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Americas Gold and Silver by 16.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock valued at $9,043,000 after buying an additional 248,877 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Zacks Research cut Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. HC Wainwright decreased their price objective on Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.25.

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, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.