Americas Gold and Silver (NYSEAMERICAN:USAS) Reaches New 12-Month Low – Should You Sell?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price reached a new 52-week low on Friday. The company traded as low as $2.84 and last traded at $2.8750, with a volume of 810,928 shares changing hands. The stock had previously closed at $3.07.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on USAS shares. National Bank Financial began coverage on shares of Americas Gold and Silver in a report on Thursday, October 8th. They set an “outperform” rating on the stock. HC Wainwright reaffirmed a “buy” rating and set a $9.25 price target on shares of Americas Gold and Silver in a research note on Tuesday, October 20th. Zacks Research downgraded Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Finally, Stifel Nicolaus initiated coverage on shares of Americas Gold and Silver in a research report on Wednesday, October 14th. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Americas Gold and Silver currently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Americas Gold and Silver Stock Down 6.0%

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41. The stock’s 50 day simple moving average is $4.56 and its two-hundred day simple moving average is $5.71. The firm has a market cap of $975.56 million, a P/E ratio of -15.24 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in USAS. Arrowstreet Capital Limited Partnership boosted its position in Americas Gold and Silver by 554.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after purchasing an additional 3,813,582 shares during the last quarter. U S Global Investors Inc. purchased a new position in Americas Gold and Silver during the third quarter valued at $11,397,000. Gabelli Funds LLC raised its stake in shares of Americas Gold and Silver by 14,000.0% in the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after buying an additional 2,100,000 shares during the period. Renaissance Technologies LLC bought a new position in shares of Americas Gold and Silver during the 1st quarter valued at approximately $5,468,000. Finally, Montrusco Bolton Investments Inc. purchased a new stake in Americas Gold and Silver in the 3rd quarter worth approximately $2,914,000. 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 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.