Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Climb 7% – Here’s What Happened

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) were up 7% during mid-day trading on Monday. The company traded as high as $3.04 and last traded at $3.0710. 479,666 shares were traded during trading, a decline of 91% from the average session volume of 5,335,221 shares. The stock had previously closed at $2.87.

Analyst Ratings Changes

A number of research analysts recently issued reports on USAS shares. Zacks Research cut Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. National Bank Financial started coverage on Americas Gold and Silver in a research report on Thursday, October 8th. They set an “outperform” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $9.25 price target on shares of Americas Gold and Silver in a research note on Tuesday, October 20th. Finally, Stifel Nicolaus started coverage on Americas Gold and Silver in a research report on Wednesday, October 14th. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Americas Gold and Silver currently has an average rating of “Moderate Buy” and an average target price of $9.25.

Americas Gold and Silver Trading Up 4.7%

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 market capitalization of $1.02 billion, a P/E ratio of -15.82 and a beta of 0.98. The firm’s 50 day moving average price is $4.51 and its 200 day moving average price is $5.70.

Hedge Funds Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new stake in Americas Gold and Silver during the first quarter valued at approximately $5,468,000. Walleye Capital LLC grew its position in shares of Americas Gold and Silver by 110.3% in the 1st quarter. Walleye Capital LLC now owns 706,630 shares of the company’s stock worth $3,689,000 after buying an additional 370,683 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Americas Gold and Silver by 14,000.0% in the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock valued at $11,040,000 after acquiring an additional 2,100,000 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Americas Gold and Silver by 16.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock worth $9,043,000 after buying an additional 248,877 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. purchased a new position in Americas Gold and Silver in the 3rd quarter valued at $2,914,000. 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 primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

The company’s principal producing assets include the Galena Complex in Idaho, which is an underground silver-lead mining operation, and the Cosalá Operations in Sinaloa, Mexico. The Cosalá complex includes the San Rafael mine and associated processing infrastructure.