Americas Gold and Silver Corporation (NYSEAMERICAN:USAS – Get Free Report) traded down 9% on Thursday. The company traded as low as $3.28 and last traded at $3.2750. 910,665 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 5,369,473 shares. The stock had previously closed at $3.60.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Zacks Research cut shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research note on Tuesday. National Bank Financial assumed coverage on Americas Gold and Silver in a report on Thursday, October 8th. They issued an “outperform” rating on the stock. Stifel Nicolaus initiated coverage on Americas Gold and Silver in a research report on Wednesday, October 14th. They issued a “buy” rating for the company. Finally, HC Wainwright reissued a “buy” rating and set a $9.25 price objective on shares of Americas Gold and Silver in a report on Tuesday. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.25.
Get Our Latest Research Report on USAS
Americas Gold and Silver Price Performance
The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The company has a 50-day moving average price of $4.81 and a 200-day moving average price of $5.12. The firm has a market capitalization of $1.08 billion, a P/E ratio of -16.79 and a beta of 0.96.
Hedge Funds Weigh In On Americas Gold and Silver
Several institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in Americas Gold and Silver during the third quarter worth about $29,000. State of Wyoming acquired a new stake in shares of Americas Gold and Silver during the first quarter worth about $43,000. Pictet Asset Management Holding SA grew its position in shares of Americas Gold and Silver by 22.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock valued at $249,000 after purchasing an additional 8,636 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver in the 1st quarter valued at approximately $46,000. Finally, Brookstone Capital Management bought a new stake in Americas Gold and Silver during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 13.38% of the company’s stock.
About Americas Gold and Silver
Americas Gold and Silver Corporation is a precious metals mining company focused primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.
The company’s principal producing assets include the Galena Complex in Idaho, which is an underground silver-lead mining operation, and the Cosalá Operations in Sinaloa, Mexico. The Cosalá complex includes the San Rafael mine and associated processing infrastructure.
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