Americas Gold and Silver (NYSEAMERICAN:USAS) Sees Large Volume Increase – Time to Buy?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) saw unusually-strong trading volume on Thursday . Approximately 3,121,787 shares traded hands during trading, an increase of 134% from the previous session’s volume of 1,334,699 shares.The stock last traded at $5.5480 and had previously closed at $5.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating and set a $4.90 price target (up from $3.40) on shares of Americas Gold and Silver in a research note on Tuesday, November 11th. Desjardins started coverage on Americas Gold and Silver in a research report on Friday, September 26th. They set a “buy” rating for the company. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $4.90.

Americas Gold and Silver Stock Up 11.4%

The stock has a market cap of $1.58 billion, a PE ratio of -22.19 and a beta of 0.66. The business has a fifty day moving average of $4.19 and a 200-day moving average of $3.04. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77.

Hedge Funds Weigh In On Americas Gold and Silver

Institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new stake in Americas Gold and Silver in the third quarter worth about $93,000. Quarry LP bought a new stake in shares of Americas Gold and Silver in the 3rd quarter valued at about $454,000. PenderFund Capital Management Ltd. bought a new stake in shares of Americas Gold and Silver in the 3rd quarter valued at about $771,000. Citadel Advisors LLC lifted its position in shares of Americas Gold and Silver by 247.9% in the 3rd quarter. Citadel Advisors LLC now owns 311,477 shares of the company’s stock worth $1,159,000 after purchasing an additional 221,950 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Americas Gold and Silver during the third quarter valued at approximately $370,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.