Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Down 4.3% – Here’s Why

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price was down 4.3% on Monday . The stock traded as low as $6.27 and last traded at $6.2660. Approximately 989,284 shares were traded during trading, a decline of 86% from the average daily volume of 7,110,521 shares. The stock had previously closed at $6.55.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BMO Capital Markets assumed coverage on shares of Americas Gold and Silver in a research note on Wednesday, April 1st. They issued an “outperform” rating for the company. HC Wainwright reaffirmed a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a report on Friday. Canaccord Genuity Group assumed coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They set a “buy” rating for the company. Finally, TD Securities began coverage on Americas Gold and Silver in a report on Monday, February 9th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver presently has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Down 3.3%

The company has a market capitalization of $2.06 billion, a PE ratio of -19.46 and a beta of 0.83. The stock’s fifty day moving average is $7.08 and its two-hundred day moving average is $5.87. The company has a current ratio of 1.78, a quick ratio of 1.66 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP bought a new position in shares of Americas Gold and Silver during the 3rd quarter valued at approximately $42,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Americas Gold and Silver in the 2nd quarter worth approximately $46,000. Stone House Investment Management LLC lifted its stake in Americas Gold and Silver by 130.2% in the fourth 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 last quarter. Truist Financial Corp purchased a new position in Americas Gold and Silver in the fourth quarter valued at approximately $51,000. Finally, Gabelli Funds LLC grew its holdings in Americas Gold and Silver by 50.0% during the third quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after purchasing an additional 5,000 shares during the period. 13.38% of the stock is currently 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.