Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 10.6% – Here’s What Happened

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) dropped 10.6% during trading on Friday . The company traded as low as $5.26 and last traded at $5.2050. Approximately 1,727,898 shares were traded during trading, a decline of 73% from the average daily volume of 6,511,556 shares. The stock had previously closed at $5.82.

Analysts Set New Price Targets

USAS has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $9.75 target price on shares of Americas Gold and Silver in a research note on Friday, April 17th. Canaccord Genuity Group assumed coverage on shares of Americas Gold and Silver in a research note on Tuesday, February 24th. They issued a “buy” rating on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. Finally, TD Securities assumed coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Americas Gold and Silver presently has an average rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Stock Down 12.8%

The business’s 50 day moving average price is $5.96 and its 200-day moving average price is $6.32. The firm has a market capitalization of $1.66 billion, a PE ratio of -23.07 and a beta of 0.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68.

Institutional Investors Weigh In On Americas Gold and Silver

A number of institutional investors and hedge funds have recently made changes to their positions in USAS. Deutsche Bank AG grew its holdings in shares of Americas Gold and Silver by 0.3% in the fourth quarter. Deutsche Bank AG now owns 591,646 shares of the company’s stock valued at $3,023,000 after purchasing an additional 1,867 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Americas Gold and Silver by 50.0% in 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 in the last quarter. Stone House Investment Management LLC grew its holdings in shares of 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 in the last quarter. State of Wyoming acquired a new position in Americas Gold and Silver during the 1st quarter worth approximately $43,000. Finally, Pictet Asset Management Holding SA grew its holdings in Americas Gold and Silver by 22.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock worth $249,000 after acquiring an additional 8,636 shares in the last quarter. 13.38% of the stock is owned by hedge funds and other 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.