Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Up 8% – Here’s What Happened

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) were up 8% during trading 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 session volume of 5,750,796 shares. The stock had previously closed at $5.05.

Analyst Ratings Changes

Several equities analysts have recently commented on USAS shares. HC Wainwright dropped their target price 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 cut shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Price Performance

The stock has a market capitalization of $1.81 billion, a P/E ratio of -28.08 and a beta of 1.04. The business has a fifty day simple moving average of $4.65 and a 200-day simple moving average of $5.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62.

Hedge Funds Weigh In On Americas Gold and Silver

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in shares of Americas Gold and Silver during the 1st quarter valued at approximately $5,468,000. K.J. Harrison & Partners Inc boosted its holdings in Americas Gold and Silver by 275.8% in the 4th quarter. K.J. Harrison & Partners Inc now owns 241,856 shares of the company’s stock worth $1,242,000 after buying an additional 177,500 shares during the period. Walleye Capital LLC boosted its holdings in 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 period. Gabelli Funds LLC grew its stake in 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 buying an additional 2,100,000 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in Americas Gold and Silver by 62.9% in the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock valued at $30,009,000 after buying an additional 2,267,956 shares in the last quarter. 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.