Americas Gold and Silver (NYSEAMERICAN:USAS) Reaches New 12-Month High – Here’s Why

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price reached a new 52-week high on Monday . The stock traded as high as $3.68 and last traded at $3.60, with a volume of 123675 shares trading hands. The stock had previously closed at $3.52.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. HC Wainwright boosted their target price on shares of Americas Gold and Silver from $1.30 to $3.40 and gave the company a “buy” rating in a report on Wednesday, September 17th. Desjardins initiated coverage on shares of Americas Gold and Silver in a research note on Friday. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $3.40.

Americas Gold and Silver Price Performance

The stock has a market capitalization of $995.80 million, a PE ratio of -11.09 and a beta of 0.63. The company’s fifty day simple moving average is $2.64 and its two-hundred day simple moving average is $2.02. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.03 and a current ratio of 1.14.

Institutional Investors Weigh In On Americas Gold and Silver

Several hedge funds have recently modified their holdings of the company. Cetera Investment Advisers increased its position in Americas Gold and Silver by 4.8% during the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company’s stock worth $167,000 after purchasing an additional 19,696 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Americas Gold and Silver by 51.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 648,500 shares of the company’s stock worth $347,000 after purchasing an additional 221,500 shares during the period. Merk Investments LLC raised its stake in Americas Gold and Silver by 2,486.3% during the first quarter. Merk Investments LLC now owns 71,151,028 shares of the company’s stock worth $38,062,000 after purchasing an additional 68,400,000 shares during the period. XTX Topco Ltd raised its stake in Americas Gold and Silver by 494.6% during the first quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock worth $64,000 after purchasing an additional 101,655 shares during the period. Finally, Alps Advisors Inc. raised its stake in Americas Gold and Silver by 1,587.0% during the first quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company’s stock worth $848,000 after purchasing an additional 1,513,968 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

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.