Stock Traders Buy High Volume of Americas Gold and Silver Call Options (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) saw some unusual options trading on Tuesday. Stock investors bought 14,357 call options on the stock. This represents an increase of 148% compared to the typical volume of 5,783 call options.

Analyst Upgrades and Downgrades

USAS has been the topic of a number of research reports. TD Securities initiated coverage on Americas Gold and Silver in a research note on Monday, February 9th. They set a “buy” rating on the stock. Canaccord Genuity Group began coverage on Americas Gold and Silver in a research note on Tuesday, February 24th. They issued a “buy” rating for the company. Finally, HC Wainwright restated a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Americas Gold and Silver has a consensus rating of “Buy” and a consensus price target of $9.75.

Institutional Investors Weigh In On Americas Gold and Silver

Several institutional investors have recently bought and sold shares of USAS. Stone House Investment Management LLC lifted its stake 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 valued at $47,000 after acquiring an additional 5,236 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Americas Gold and Silver in the fourth quarter valued at about $51,000. Wealthcare Capital Management LLC purchased a new stake in shares of Americas Gold and Silver in the fourth quarter valued at about $57,000. Hudson Bay Capital Management LP bought a new position in shares of Americas Gold and Silver during the third quarter valued at about $42,000. Finally, Commonwealth Equity Services LLC purchased a new position in Americas Gold and Silver during the fourth quarter worth about $67,000. Institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Stock Down 11.1%

Shares of NYSEAMERICAN USAS opened at $6.55 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The company has a 50-day moving average price of $7.78 and a 200-day moving average price of $5.45. The stock has a market capitalization of $2.10 billion, a P/E ratio of -25.19 and a beta of 0.53. Americas Gold and Silver has a 1 year low of $0.99 and a 1 year high of $10.50.

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.