Traders Purchase High Volume of Call Options on Americas Gold and Silver (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 13,892 call options on the company. This is an increase of approximately 207% compared to the typical daily volume of 4,521 call options.

Institutional Investors Weigh In On Americas Gold and Silver

Several hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG raised its stake in shares of Americas Gold and Silver by 0.3% during the fourth quarter. Deutsche Bank AG now owns 591,646 shares of the company’s stock valued at $3,023,000 after acquiring an additional 1,867 shares during the last quarter. Gabelli Funds LLC increased its holdings in Americas Gold and Silver by 50.0% in the third quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after purchasing an additional 5,000 shares during the period. Stone House Investment Management LLC increased its holdings in Americas Gold and Silver by 130.2% in the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after purchasing an additional 5,236 shares during the period. State of Wyoming bought a new position in Americas Gold and Silver during the 1st quarter worth $43,000. Finally, Pictet Asset Management Holding SA raised its position in Americas Gold and Silver by 22.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock worth $249,000 after purchasing an additional 8,636 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. Canaccord Genuity Group began coverage on shares of Americas Gold and Silver in a research note on Tuesday, February 24th. They issued a “buy” rating on the stock. Finally, HC Wainwright reiterated a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research report on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver has a consensus rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Price Performance

USAS traded down $0.30 on Tuesday, reaching $5.03. The stock had a trading volume of 1,233,678 shares, compared to its average volume of 6,327,962. Americas Gold and Silver has a fifty-two week low of $1.81 and a fifty-two week high of $10.50. The firm has a 50-day moving average of $5.91 and a 200-day moving average of $6.42. The company has a current ratio of 1.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -22.75 and a beta of 0.86.

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.