Americas Gold and Silver Corporation (NYSEAMERICAN:USAS – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $4.90, but opened at $4.65. Americas Gold and Silver shares last traded at $4.6310, with a volume of 1,049,591 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. 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. BMO Capital Markets restated an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Americas Gold and Silver presently has an average rating of “Buy” and an average price target of $9.75.
Read Our Latest Stock Report on Americas Gold and Silver
Americas Gold and Silver Stock Performance
Institutional Trading of Americas Gold and Silver
Several institutional investors and hedge funds have recently modified their holdings of the business. Rathbones Group PLC purchased a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $61,000. NewEdge Advisors LLC acquired a new stake in Americas Gold and Silver during the 1st quarter valued at $46,000. EverSource Wealth Advisors LLC purchased a new position in Americas Gold and Silver during the first quarter worth $65,000. Royal Bank of Canada raised its holdings in shares of Americas Gold and Silver by 51.0% in the first quarter. Royal Bank of Canada now owns 43,947 shares of the company’s stock worth $229,000 after acquiring an additional 14,841 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Americas Gold and Silver by 16.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock worth $9,043,000 after acquiring an additional 248,877 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.
Americas Gold and Silver Company Profile
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.
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