Americas Gold and Silver (NYSEAMERICAN:USAS) Hits New 12-Month High – Time to Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) reached a new 52-week high on Monday . The company traded as high as $10.50 and last traded at $9.6930, with a volume of 3373427 shares. The stock had previously closed at $9.29.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a report on Thursday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver has a consensus rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Stock Up 3.2%

The company has a market cap of $3.06 billion, a PE ratio of -36.91 and a beta of 0.60. The firm has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $3.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77.

Hedge Funds Weigh In On Americas Gold and Silver

Several institutional investors and hedge funds have recently modified their holdings of USAS. Goldman Sachs Group Inc. grew its stake in Americas Gold and Silver by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock worth $32,000 after acquiring an additional 14,000 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of Americas Gold and Silver during the 3rd quarter worth $42,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Americas Gold and Silver during the second quarter worth $46,000. Stone House Investment Management LLC grew its position in shares of Americas Gold and Silver by 130.2% in the fourth 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 during the period. Finally, Gabelli Funds LLC increased its stake in Americas Gold and Silver by 50.0% in the third quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors 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.