Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 12.7% – Time to Sell?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) fell 12.7% during mid-day trading on Monday . The company traded as low as $4.89 and last traded at $4.8020. 2,315,671 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 7,481,187 shares. The stock had previously closed at $5.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. TD Securities began coverage on shares of Americas Gold and Silver in a research report on Monday, February 9th. They issued a “buy” rating for the company. Canaccord Genuity Group assumed coverage on Americas Gold and Silver in a report on Tuesday, February 24th. They issued a “buy” rating for the company. BMO Capital Markets assumed coverage on Americas Gold and Silver in a report on Wednesday. They set an “outperform” rating on the stock. Finally, HC Wainwright restated a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Price Performance

The company’s 50-day moving average is $7.66 and its 200-day moving average is $5.64. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -20.51 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96.

Institutional Trading of Americas Gold and Silver

Institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG grew its position in Americas Gold and Silver by 0.3% in 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 lifted its holdings in shares of Americas Gold and Silver by 50.0% in the third 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 last quarter. Stone House Investment Management LLC boosted its stake in shares of Americas Gold and Silver by 130.2% in the 4th 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 in the last quarter. Truist Financial Corp acquired a new stake in shares of Americas Gold and Silver in the 4th quarter valued at approximately $51,000. Finally, StoneX Group Inc. grew its holdings in shares of Americas Gold and Silver by 94.3% during the 4th quarter. StoneX Group Inc. now owns 20,600 shares of the company’s stock valued at $105,000 after purchasing an additional 10,000 shares during the last quarter. 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 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.