Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – Time to Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $5.28, but opened at $5.75. Americas Gold and Silver shares last traded at $5.9420, with a volume of 1,661,867 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on USAS shares. Canaccord Genuity Group started coverage on shares of Americas Gold and Silver in a research note on Tuesday, February 24th. They set a “buy” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research note on Friday, April 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Price Performance

The business’s 50 day moving average is $5.91 and its two-hundred day moving average is $6.37. The firm has a market cap of $1.88 billion, a P/E ratio of -26.26 and a beta of 0.86. The company has a quick ratio of 1.54, a current ratio of 1.68 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in USAS. Hudson Bay Capital Management LP acquired a new position in shares of Americas Gold and Silver during the third quarter valued at about $42,000. State of Wyoming acquired a new position in shares of Americas Gold and Silver during the first quarter valued at about $43,000. NewEdge Advisors LLC purchased a new position in Americas Gold and Silver during the first quarter worth about $46,000. B. Riley Wealth Advisors Inc. purchased a new position in Americas Gold and Silver during the second quarter worth about $46,000. Finally, Stone House Investment Management LLC boosted its holdings in Americas Gold and Silver by 130.2% during the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock worth $47,000 after purchasing an additional 5,236 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.