Americas Gold and Silver (NYSEAMERICAN:USAS) Trading 8% Higher – Still a Buy?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) traded up 8% on Wednesday . The company traded as high as $5.48 and last traded at $5.4550. Approximately 306,615 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 5,750,796 shares. The stock had previously closed at $5.05.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on USAS shares. HC Wainwright reduced their price objective on shares of Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Zacks Research lowered shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

Americas Gold and Silver Stock Up 2.0%

The company has a market cap of $1.87 billion, a P/E ratio of -29.16 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41. The stock has a fifty day moving average price of $4.68 and a two-hundred day moving average price of $5.79.

Institutional Trading of Americas Gold and Silver

Several institutional investors and hedge funds have recently made changes to their positions in USAS. State of Wyoming purchased a new position in Americas Gold and Silver during the first quarter worth about $43,000. NewEdge Advisors LLC bought a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $46,000. Truist Financial Corp purchased a new position in shares of Americas Gold and Silver in the 4th quarter worth approximately $51,000. Leonteq Securities AG bought a new position in shares of Americas Gold and Silver in the first quarter valued at approximately $56,000. Finally, Rathbones Group PLC purchased a new stake in shares of Americas Gold and Silver during the first quarter valued at approximately $61,000. Hedge funds and other 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.