Americas Gold and Silver Corporation (NYSEAMERICAN:USAS – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $7.15, but opened at $6.24. Americas Gold and Silver shares last traded at $6.4660, with a volume of 1,355,621 shares trading hands.
Wall Street Analyst Weigh In
Several research analysts recently commented on USAS shares. BMO Capital Markets started coverage on shares of Americas Gold and Silver in a report on Wednesday, April 1st. They issued an “outperform” rating for the company. TD Securities initiated coverage on Americas Gold and Silver in a research note on Monday, February 9th. They issued a “buy” rating for the company. Canaccord Genuity Group initiated coverage on Americas Gold and Silver in a research note on Tuesday, February 24th. They issued a “buy” rating for the company. Finally, HC Wainwright restated a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research note on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $9.75.
Read Our Latest Research Report on Americas Gold and Silver
Americas Gold and Silver Stock Down 13.0%
Hedge Funds Weigh In On Americas Gold and Silver
Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in shares of Americas Gold and Silver during the first quarter valued at approximately $5,468,000. Gabelli Funds LLC increased its position in shares of Americas Gold and Silver by 14,000.0% during the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock valued at $11,040,000 after acquiring an additional 2,100,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Americas Gold and Silver by 554.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock valued at $23,498,000 after acquiring an additional 3,813,582 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Americas Gold and Silver during the first quarter valued at approximately $225,000. Finally, Walleye Capital LLC increased its position in shares of Americas Gold and Silver by 110.3% during the first quarter. Walleye Capital LLC now owns 706,630 shares of the company’s stock valued at $3,689,000 after acquiring an additional 370,683 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.
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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