Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Up 7% – What’s Next?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) traded up 7% during mid-day trading on Monday. The company traded as high as $3.04 and last traded at $3.0710. Approximately 479,666 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 5,335,221 shares. The stock had previously closed at $2.87.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on USAS. Zacks Research downgraded shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. HC Wainwright reissued a “buy” rating and set a $9.25 price target on shares of Americas Gold and Silver in a report on Tuesday, October 20th. National Bank Financial initiated coverage on Americas Gold and Silver in a research report on Thursday, October 8th. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus began coverage on Americas Gold and Silver in a research report on Wednesday, October 14th. They issued a “buy” rating on the stock. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.25.

Americas Gold and Silver Trading Down 5.9%

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’s 50-day moving average is $4.41 and its two-hundred day moving average is $5.66. The stock has a market cap of $916.39 million, a P/E ratio of -14.26 and a beta of 0.98.

Institutional Investors Weigh In On Americas Gold and Silver

A number of hedge funds have recently made changes to their positions in USAS. Abbington Investment Group purchased a new position in shares of Americas Gold and Silver in the third quarter valued at $128,000. J. Derek Lewis & Associates Inc. bought a new stake in Americas Gold and Silver in the third quarter worth $118,000. Alps Advisors Inc. bought a new stake in Americas Gold and Silver in the third quarter worth $27,261,000. Commonwealth Equity Services LLC purchased a new stake in Americas Gold and Silver during the third quarter valued at $101,000. Finally, U S Global Investors Inc. purchased a new stake in Americas Gold and Silver during the third quarter valued at $11,397,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

About Americas Gold and Silver

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.