Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Down 7.4% – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price dropped 7.4% on Thursday . The company traded as low as $5.35 and last traded at $5.3360. 3,526,498 shares traded hands during trading, a decline of 45% from the average session volume of 6,379,204 shares. The stock had previously closed at $5.76.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. HC Wainwright reissued a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research note on Friday, April 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Finally, Canaccord Genuity Group assumed coverage on Americas Gold and Silver in a report on Tuesday, February 24th. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Americas Gold and Silver presently has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Stock Performance

The stock’s 50-day moving average is $5.92 and its 200-day moving average is $6.40. The company has a current ratio of 1.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -24.20 and a beta of 0.86.

Institutional Investors Weigh In On Americas Gold and Silver

Several large investors have recently made changes to their positions in the business. NewGen Equity Long Short Fund purchased a new position in shares of Americas Gold and Silver in the 2nd quarter valued at $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Americas Gold and Silver in the second quarter valued at about $10,574,000. Arrowstreet Capital Limited Partnership raised its position in Americas Gold and Silver by 554.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock valued at $23,498,000 after purchasing an additional 3,813,582 shares during the period. Montrusco Bolton Investments Inc. acquired a new position in shares of Americas Gold and Silver during the third quarter worth about $9,954,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Americas Gold and Silver during the fourth quarter worth about $12,999,000. 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.