Americas Gold and Silver (NYSEAMERICAN:USAS) Trading 8.9% Higher – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price rose 8.9% during trading on Monday . The company traded as high as $7.81 and last traded at $7.7650. Approximately 1,117,637 shares traded hands during trading, a decline of 86% from the average daily volume of 7,889,268 shares. The stock had previously closed at $7.13.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. HC Wainwright reiterated a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a report on Thursday, January 22nd. TD Securities assumed coverage on shares of Americas Gold and Silver in a research note on Monday. They set a “buy” rating on the stock. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Up 12.2%

The stock has a market cap of $2.55 billion, a PE ratio of -30.77 and a beta of 0.57. The business has a fifty day moving average of $6.16 and a 200-day moving average of $4.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77.

Institutional Trading of Americas Gold and Silver

A number of hedge funds have recently added to or reduced their stakes in USAS. Stone House Investment Management LLC increased its position in Americas Gold and Silver by 130.2% during the 4th 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. Truist Financial Corp bought a new position in Americas Gold and Silver in the fourth quarter worth approximately $51,000. Wealthcare Capital Management LLC bought a new position in Americas Gold and Silver in the fourth quarter worth approximately $57,000. Hudson Bay Capital Management LP bought a new stake in Americas Gold and Silver during the 3rd quarter valued at $42,000. Finally, Gabelli Funds LLC increased its holdings in shares of Americas Gold and Silver by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after acquiring an additional 5,000 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.