Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – What’s Next?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $2.71, but opened at $2.97. Americas Gold and Silver shares last traded at $2.8950, with a volume of 1,287,051 shares trading hands.

Wall Street Analysts Forecast Growth

USAS has been the subject of several research reports. Zacks Research cut Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. HC Wainwright reaffirmed a “buy” rating and issued a $9.25 price objective on shares of Americas Gold and Silver in a report 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 on the stock. Finally, National Bank Financial started coverage on Americas Gold and Silver in a research report on Thursday, October 8th. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Stock Up 11.6%

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -15.88 and a beta of 0.98. 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 50-day moving average of $4.41 and a 200-day moving average of $5.66.

Institutional Trading of Americas Gold and Silver

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in shares of Americas Gold and Silver during the 3rd quarter worth $29,000. State of Wyoming acquired a new position in Americas Gold and Silver in the first quarter valued at about $43,000. Pictet Asset Management Holding SA raised its stake in Americas Gold and Silver by 22.0% in the first quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock valued at $249,000 after purchasing an additional 8,636 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Americas Gold and Silver during the first quarter worth about $46,000. Finally, Brookstone Capital Management bought a new stake in Americas Gold and Silver during the third quarter worth about $46,000. 13.38% of the stock is currently owned by institutional investors.

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.