Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down – Should You Sell?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) gapped down prior to trading on Monday. The stock had previously closed at $4.83, but opened at $4.50. Americas Gold and Silver shares last traded at $4.5640, with a volume of 804,192 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on USAS. HC Wainwright reaffirmed a “buy” rating and issued a $9.25 target price on shares of Americas Gold and Silver in a research report on Thursday. Zacks Research raised shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Americas Gold and Silver has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Stock Performance

The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -23.61 and a beta of 1.04. The stock’s fifty day moving average is $4.88 and its two-hundred day moving average is $5.40. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of USAS. State of Wyoming acquired a new position in Americas Gold and Silver during the first quarter worth approximately $43,000. Pictet Asset Management Holding SA lifted its position in shares of Americas Gold and Silver by 22.0% in the first quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock valued at $249,000 after buying an additional 8,636 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Americas Gold and Silver in the first quarter valued at approximately $46,000. Leonteq Securities AG bought a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $56,000. Finally, Swiss National Bank boosted its stake in shares of Americas Gold and Silver by 2.5% during the 1st quarter. Swiss National Bank now owns 443,600 shares of the company’s stock worth $2,312,000 after acquiring an additional 10,800 shares during the period. Institutional investors own 13.38% of the company’s stock.

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, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.