Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 7.4% – Here’s Why

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares were down 7.4% during mid-day trading on Wednesday. The stock traded as low as $4.84 and last traded at $4.8690. 902,638 shares were traded during trading, a decline of 84% from the average daily volume of 5,600,578 shares. The stock had previously closed at $5.26.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on USAS. HC Wainwright restated a “buy” rating and set a $9.25 target price on shares of Americas Gold and Silver in a report on Thursday. Zacks Research upgraded shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Stock Down 3.5%

The company’s fifty day simple moving average is $4.86 and its 200 day simple moving average is $5.42. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.58 billion, a PE ratio of -24.63 and a beta of 1.04.

Institutional Investors Weigh In On Americas Gold and Silver

Hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in Americas Gold and Silver by 554.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after acquiring an additional 3,813,582 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of Americas Gold and Silver by 62.9% during the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock valued at $30,009,000 after purchasing an additional 2,267,956 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Americas Gold and Silver by 14,000.0% during the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock valued at $11,040,000 after purchasing an additional 2,100,000 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Americas Gold and Silver during the first quarter valued at approximately $5,468,000. Finally, Montrusco Bolton Investments Inc. purchased a new position in shares of Americas Gold and Silver during the first quarter valued at approximately $2,861,000. 13.38% of the stock is currently owned by institutional investors.

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, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.