Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – Time to Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price gapped up before the market opened on Monday . The stock had previously closed at $5.28, but opened at $5.75. Americas Gold and Silver shares last traded at $5.9420, with a volume of 1,661,867 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on USAS shares. BMO Capital Markets restated an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Canaccord Genuity Group started coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They set 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 report on Friday, April 17th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver currently has a consensus rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Trading Up 9.0%

The firm has a market cap of $1.88 billion, a P/E ratio of -26.26 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 firm’s 50-day simple moving average is $5.91 and its 200 day simple moving average is $6.37.

Institutional Trading of Americas Gold and Silver

Hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in Americas Gold and Silver in the first quarter worth about $43,000. NewEdge Advisors LLC bought a new stake in Americas Gold and Silver in the first quarter worth about $46,000. Stone House Investment Management LLC raised its position in Americas Gold and Silver by 130.2% in the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock worth $47,000 after acquiring an additional 5,236 shares during the period. Truist Financial Corp bought a new stake in Americas Gold and Silver in the fourth quarter worth about $51,000. Finally, Leonteq Securities AG bought a new stake in Americas Gold and Silver in the first quarter worth about $56,000. Institutional investors own 13.38% of the company’s stock.

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.