Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Down 9.8% – What’s Next?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) fell 9.8% during trading on Tuesday . The stock traded as low as $4.39 and last traded at $4.4010. Approximately 1,932,201 shares traded hands during trading, a decline of 69% from the average session volume of 6,135,882 shares. The stock had previously closed at $4.88.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on USAS. HC Wainwright reiterated a “buy” rating and set a $9.75 target price on shares of Americas Gold and Silver in a report on Friday, April 17th. BMO Capital Markets reaffirmed 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 has an average rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Trading Up 2.3%

The company has a market capitalization of $1.45 billion, a P/E ratio of -19.41 and a beta of 0.91. The stock’s 50 day moving average is $5.58 and its 200-day moving average is $6.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54.

Institutional Investors Weigh In On Americas Gold and Silver

Hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in Americas Gold and Silver in the second quarter worth $94,000. Rathbones Group PLC purchased a new position in Americas Gold and Silver during the first quarter valued at $61,000. NewEdge Advisors LLC bought a new stake in shares of Americas Gold and Silver during the 1st quarter valued at $46,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Americas Gold and Silver in the 1st quarter worth about $65,000. Finally, Royal Bank of Canada grew its position in shares of Americas Gold and Silver by 51.0% in the 1st quarter. Royal Bank of Canada now owns 43,947 shares of the company’s stock worth $229,000 after buying an additional 14,841 shares during the period. 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.