Americas Gold and Silver (NYSEAMERICAN:USAS) Trading 8.6% Higher – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares rose 8.6% on Thursday . The company traded as high as $5.00 and last traded at $4.9730. Approximately 621,481 shares changed hands during trading, a decline of 89% from the average session volume of 5,636,702 shares. The stock had previously closed at $4.58.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on USAS shares. Zacks Research downgraded shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. HC Wainwright decreased their price objective on Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating for the company in a report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Americas Gold and Silver Price Performance

The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.70 billion, a P/E ratio of -26.39 and a beta of 1.04. The firm has a fifty day moving average price of $4.75 and a two-hundred day moving average price of $5.60.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of USAS. State of Wyoming bought a new stake in Americas Gold and Silver in the 1st quarter worth about $43,000. NewEdge Advisors LLC bought a new position in Americas Gold and Silver during the 1st quarter valued at about $46,000. Truist Financial Corp purchased a new stake in shares of Americas Gold and Silver during the 4th quarter valued at about $51,000. Leonteq Securities AG bought a new stake in shares of Americas Gold and Silver in the first quarter worth approximately $56,000. Finally, Rathbones Group PLC bought a new stake in shares of Americas Gold and Silver in the first quarter worth approximately $61,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.