Americas Gold and Silver (NYSEAMERICAN:USAS) Sets New 12-Month High – Time to Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price hit a new 52-week high on Tuesday . The company traded as high as $6.26 and last traded at $6.20, with a volume of 83563 shares changing hands. The stock had previously closed at $6.09.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Desjardins initiated coverage on Americas Gold and Silver in a research report on Friday, September 26th. They issued a “buy” rating on the stock. HC Wainwright reiterated a “buy” rating and issued a $4.90 price objective (up from $3.40) on shares of Americas Gold and Silver in a research report on Tuesday, November 11th. Two 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 price target of $4.90.

Americas Gold and Silver Price Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The business’s fifty day moving average price is $4.91 and its 200-day moving average price is $3.69. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -23.77 and a beta of 0.60.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of USAS. Bank of America Corp DE grew its holdings in Americas Gold and Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after buying an additional 207,724 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Americas Gold and Silver in the 1st quarter worth $59,000. Jane Street Group LLC grew its stake in shares of Americas Gold and Silver by 38.9% in the 1st quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock worth $92,000 after acquiring an additional 48,616 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Americas Gold and Silver by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock valued at $32,000 after purchasing an additional 14,000 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Americas Gold and Silver during the second quarter valued at about $46,000. Institutional investors own 13.38% of the company’s stock.

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.