Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – Still a Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $4.13, but opened at $4.30. Americas Gold and Silver shares last traded at $4.3770, with a volume of 1,234,819 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on USAS shares. HC Wainwright reissued a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research report on Friday, April 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Stock Down 2.9%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68. The company’s 50-day moving average price is $5.06 and its 200 day moving average price is $6.27. The stock has a market capitalization of $1.37 billion, a P/E ratio of -18.45 and a beta of 0.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new stake in shares of Americas Gold and Silver during the second quarter valued at approximately $94,000. Rathbones Group PLC bought a new position in shares of Americas Gold and Silver during the first quarter worth $61,000. NewEdge Advisors LLC purchased a new position in Americas Gold and Silver during the first quarter valued at $46,000. EverSource Wealth Advisors LLC purchased a new position in Americas Gold and Silver during the first quarter valued at $65,000. Finally, Royal Bank of Canada increased its holdings in Americas Gold and Silver by 51.0% in the 1st quarter. Royal Bank of Canada now owns 43,947 shares of the company’s stock valued at $229,000 after acquiring an additional 14,841 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors.

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.