Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down – Should You Sell?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.55, but opened at $5.96. Americas Gold and Silver shares last traded at $5.7250, with a volume of 3,753,879 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on USAS. TD Securities initiated coverage on Americas Gold and Silver in a report on Monday, February 9th. They issued a “buy” rating on the stock. Canaccord Genuity Group started coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They issued a “buy” rating on the stock. Finally, HC Wainwright reissued a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Stock Down 8.8%

The firm’s 50 day simple moving average is $7.78 and its 200 day simple moving average is $5.47. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -20.69 and a beta of 0.53. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Montrusco Bolton Investments Inc. bought a new position in shares of Americas Gold and Silver in the third quarter valued at approximately $9,954,000. TD Asset Management Inc acquired a new position in shares of Americas Gold and Silver during the third quarter valued at approximately $819,000. Waratah Capital Advisors Ltd. bought a new stake in Americas Gold and Silver during the third quarter worth approximately $645,000. Fiducient Advisors LLC acquired a new stake in Americas Gold and Silver in the second quarter worth approximately $81,000. Finally, Gamco Investors INC. ET AL boosted its stake in Americas Gold and Silver by 115.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 731,462 shares of the company’s stock valued at $2,721,000 after purchasing an additional 392,422 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.