Americas Gold and Silver (NYSEAMERICAN:USAS) Sees Strong Trading Volume – Still a Buy?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) saw strong trading volume on Wednesday . 1,610,874 shares traded hands during trading, an increase of 47% from the previous session’s volume of 1,094,584 shares.The stock last traded at $3.6250 and had previously closed at $3.59.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on USAS. Desjardins initiated coverage on shares of Americas Gold and Silver in a research note on Friday, September 26th. They issued a “buy” rating for the company. HC Wainwright increased their price target on shares of Americas Gold and Silver from $1.30 to $3.40 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $3.40.

Americas Gold and Silver Stock Up 5.1%

The company has a debt-to-equity ratio of 0.90, a current ratio of 1.14 and a quick ratio of 1.03. The firm has a 50-day moving average of $3.62 and a 200 day moving average of $2.59. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -11.97 and a beta of 0.66.

Institutional Trading of Americas Gold and Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in USAS. Bank of America Corp DE grew its position in shares of Americas Gold and Silver by 273,321.1% in the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after acquiring an additional 207,724 shares during the period. Alps Advisors Inc. lifted its stake in Americas Gold and Silver by 1,587.0% in the 1st quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company’s stock valued at $848,000 after purchasing an additional 1,513,968 shares during the last quarter. Cetera Investment Advisers grew its holdings in Americas Gold and Silver by 5.1% during the first quarter. Cetera Investment Advisers now owns 450,515 shares of the company’s stock worth $241,000 after purchasing an additional 21,671 shares during the period. Mackenzie Financial Corp bought a new position in Americas Gold and Silver during the first quarter worth about $1,677,000. Finally, XTX Topco Ltd increased its position in Americas Gold and Silver by 494.6% during the first quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock worth $64,000 after buying an additional 101,655 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

About Americas Gold and Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.