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

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USASGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $5.59, but opened at $5.13. Americas Gold and Silver shares last traded at $5.3940, with a volume of 928,272 shares changing hands.

Key Stories Impacting Americas Gold and Silver

Here are the key news stories impacting Americas Gold and Silver this week:

Analyst Ratings Changes

USAS has been the topic of several recent research reports. TD Securities started coverage on shares of Americas Gold and Silver in a research report on Monday, February 9th. They set a “buy” rating on the stock. HC Wainwright restated a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research note on Thursday, January 22nd. Canaccord Genuity Group started coverage on Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating on the stock. Finally, BMO Capital Markets began coverage on Americas Gold and Silver in a research note on Wednesday. They issued an “outperform” rating on the stock. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $9.75.

View Our Latest Report on USAS

Americas Gold and Silver Price Performance

The company’s 50 day moving average price is $7.63 and its 200 day moving average price is $5.64. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -17.22 and a beta of 0.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in Americas Gold and Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after purchasing an additional 207,724 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver in the first quarter worth $59,000. Jane Street Group LLC grew its holdings in shares of Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock worth $92,000 after purchasing an additional 48,616 shares during the last quarter. NewGen Equity Long Short Fund acquired a new stake in shares of Americas Gold and Silver in the second quarter valued at $25,927,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Americas Gold and Silver by 15.7% in the second quarter. JPMorgan Chase & Co. now owns 955,284 shares of the company’s stock valued at $772,000 after buying an additional 129,919 shares during the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

About Americas Gold and Silver

(Get Free Report)

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.

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