Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Up 10.2% – Time to Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares shot up 10.2% on Monday . The stock traded as high as $4.29 and last traded at $4.2860. 820,527 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 1,120,493 shares. The stock had previously closed at $3.89.

Analysts Set New Price Targets

A number of equities analysts recently commented on USAS shares. Desjardins began coverage on shares of Americas Gold and Silver in a research note on Friday, September 26th. They set a “buy” rating for the company. HC Wainwright raised their price objective on shares of Americas Gold and Silver from $1.30 to $3.40 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $3.40.

Americas Gold and Silver Trading Up 9.6%

The business has a 50 day moving average of $3.62 and a 200-day moving average of $2.61. The stock has a market cap of $1.17 billion, a PE ratio of -13.15 and a beta of 0.66. The company has a current ratio of 1.14, a quick ratio of 1.03 and a debt-to-equity ratio of 0.90.

Institutional Trading of Americas Gold and Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Merk Investments LLC raised its stake in Americas Gold and Silver by 2,486.3% in the 1st quarter. Merk Investments LLC now owns 71,151,028 shares of the company’s stock valued at $38,062,000 after purchasing an additional 68,400,000 shares during the last quarter. NewGen Equity Long Short Fund purchased a new stake in shares of Americas Gold and Silver during the second quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Americas Gold and Silver during the second quarter worth about $10,574,000. Mackenzie Financial Corp acquired a new position in shares of Americas Gold and Silver in the first quarter valued at approximately $1,677,000. Finally, Tidal Investments LLC lifted its stake in shares of Americas Gold and Silver by 56.0% during the second quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock valued at $4,500,000 after buying an additional 2,000,563 shares during the period. Hedge funds and other institutional investors own 13.38% of the company’s stock.

About Americas Gold and Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.