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

Americas Gold and Silver Corporation (NYSEAMERICAN:USASGet Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $5.59, but opened at $5.13. Americas Gold and Silver shares last traded at $5.3940, with a volume of 928,272 shares traded.

Americas Gold and Silver News Summary

Here are the key news stories impacting Americas Gold and Silver this week:

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research note on Thursday, January 22nd. TD Securities assumed coverage on shares of Americas Gold and Silver in a report on Monday, February 9th. They issued a “buy” rating for the company. Canaccord Genuity Group assumed coverage on shares of Americas Gold and Silver in a research report on Tuesday, February 24th. They issued a “buy” rating for the company. Finally, BMO Capital Markets assumed coverage on Americas Gold and Silver in a report on Wednesday. They set an “outperform” rating on the stock. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.75.

Read Our Latest Research Report on Americas Gold and Silver

Americas Gold and Silver Stock Performance

The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -17.22 and a beta of 0.83. 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 stock has a 50-day moving average of $7.63 and a 200 day moving average of $5.64.

Institutional Investors Weigh In On Americas Gold and Silver

A number of institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG lifted its holdings in Americas Gold and Silver by 0.3% in the fourth quarter. Deutsche Bank AG now owns 591,646 shares of the company’s stock valued at $3,023,000 after buying an additional 1,867 shares during the period. Gabelli Funds LLC raised its position in shares of Americas Gold and Silver by 50.0% during the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after acquiring an additional 5,000 shares during the last quarter. Stone House Investment Management LLC lifted its stake in shares of Americas Gold and Silver by 130.2% in the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after purchasing an additional 5,236 shares during the period. Truist Financial Corp bought a new position in shares of Americas Gold and Silver in the 4th quarter worth $51,000. Finally, StoneX Group Inc. boosted its position in shares of Americas Gold and Silver by 94.3% in the 4th quarter. StoneX Group Inc. now owns 20,600 shares of the company’s stock worth $105,000 after purchasing an additional 10,000 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

About Americas Gold and Silver

(Get Free Report)

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.

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