Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 6.4% – What’s Next?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) were down 6.4% during mid-day trading on Tuesday. The stock traded as low as $2.72 and last traded at $2.6950. 1,799,355 shares were traded during trading, a decline of 66% from the average session volume of 5,335,394 shares. The stock had previously closed at $2.88.

Analysts Set New Price Targets

USAS has been the topic of several analyst reports. HC Wainwright reissued a “buy” rating and issued a $9.25 price objective on shares of Americas Gold and Silver in a research note on Tuesday, October 20th. Stifel Nicolaus assumed coverage on Americas Gold and Silver in a report on Wednesday, October 14th. They issued a “buy” rating for the company. Zacks Research lowered Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Finally, National Bank Financial began coverage on Americas Gold and Silver in a report on Thursday, October 8th. They set an “outperform” rating on the stock. Six 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, Americas Gold and Silver presently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Americas Gold and Silver Price Performance

The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $4.30 and its two-hundred day simple moving average is $5.63. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -15.53 and a beta of 0.98.

Institutional Investors Weigh In On Americas Gold and Silver

Several large investors have recently modified their holdings of USAS. Renaissance Technologies LLC bought a new stake in Americas Gold and Silver in the first quarter worth approximately $5,468,000. Walleye Capital LLC boosted its holdings in shares of Americas Gold and Silver by 110.3% during 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 in the last quarter. Gabelli Funds LLC boosted its holdings in shares of Americas Gold and Silver by 14,000.0% during the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after buying an additional 2,100,000 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Americas Gold and Silver during the 3rd quarter worth approximately $2,914,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Americas Gold and Silver by 16.7% during the 1st 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 during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Americas Gold and Silver Company Profile

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.