Americas Gold and Silver (NYSEAMERICAN:USAS) Sets New 12-Month High – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.92 and last traded at $6.7350, with a volume of 1214611 shares traded. The stock had previously closed at $6.48.

Wall Street Analysts Forecast Growth

USAS has been the subject of a number of research analyst reports. HC Wainwright reiterated a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a research note on Thursday. Desjardins started coverage on shares of Americas Gold and Silver in a research report on Friday, September 26th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Stock Up 18.9%

The business has a fifty day moving average price of $5.17 and a two-hundred day moving average price of $3.85. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -32.62 and a beta of 0.60.

Hedge Funds Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC raised its holdings in Americas Gold and Silver by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock worth $56,000 after acquiring an additional 5,000 shares during the period. Stone House Investment Management LLC lifted its holdings in shares of Americas Gold and Silver by 130.2% during the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock worth $47,000 after buying an additional 5,236 shares during the last quarter. Wealthcare Capital Management LLC acquired a new stake in shares of Americas Gold and Silver in the fourth quarter worth $57,000. Hudson Bay Capital Management LP acquired a new position in Americas Gold and Silver during the 3rd quarter valued at $42,000. Finally, Baader Bank Aktiengesellschaft grew its position in Americas Gold and Silver by 24.1% in the 3rd quarter. Baader Bank Aktiengesellschaft now owns 70,000 shares of the company’s stock worth $261,000 after purchasing an additional 13,616 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

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.