Americas Gold and Silver (NYSEAMERICAN:USAS) Trading 15.8% Higher – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price traded up 15.8% during trading on Wednesday . The stock traded as high as $6.52 and last traded at $6.4160. 3,102,586 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 6,764,779 shares. The stock had previously closed at $5.54.

Analysts Set New Price Targets

A number of brokerages recently issued reports on USAS. TD Securities began coverage on shares of Americas Gold and Silver in a research report on Monday, February 9th. They set a “buy” rating for the company. BMO Capital Markets began coverage on shares of Americas Gold and Silver in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. HC Wainwright reissued a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research report on Friday, April 17th. Finally, Canaccord Genuity Group began coverage on shares of Americas Gold and Silver in a research report on Tuesday, February 24th. They set a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Americas Gold and Silver has a consensus rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Stock Performance

The company has a market capitalization of $2.11 billion, a PE ratio of -19.97 and a beta of 0.86. The business’s 50-day moving average is $6.72 and its 200-day moving average is $5.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.66 and a current ratio of 1.78.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of USAS. Stone House Investment Management LLC increased its stake in Americas Gold and Silver by 130.2% during the 4th 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 in the last quarter. Truist Financial Corp bought a new stake in Americas Gold and Silver during the 4th quarter valued at about $51,000. Leonteq Securities AG bought a new stake in Americas Gold and Silver during the 1st quarter valued at about $56,000. Wealthcare Capital Management LLC bought a new stake in Americas Gold and Silver during the 4th quarter valued at about $57,000. Finally, Hudson Bay Capital Management LP bought a new stake in Americas Gold and Silver during the 3rd quarter valued at about $42,000. 13.38% of the stock is 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.