Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Up 10.4% – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price shot up 10.4% on Wednesday . The stock traded as high as $5.36 and last traded at $5.4650. Approximately 1,746,757 shares traded hands during trading, a decline of 70% from the average daily volume of 5,780,444 shares. The stock had previously closed at $4.95.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on USAS. Zacks Research cut shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. BMO Capital Markets reissued an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Finally, HC Wainwright cut their target price on Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Americas Gold and Silver currently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Americas Gold and Silver Stock Down 2.6%

The stock’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $5.93. The company has a current ratio of 1.62, a quick ratio of 1.54 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.77 billion, a P/E ratio of -27.63 and a beta of 0.95.

Institutional Trading of Americas Gold and Silver

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Americas Gold and Silver during the 2nd quarter valued at $303,000. FNY Investment Advisers LLC purchased a new stake in Americas Gold and Silver in the 2nd quarter worth about $94,000. Rathbones Group PLC purchased a new stake in Americas Gold and Silver in the 1st quarter worth about $61,000. NewEdge Advisors LLC bought a new stake in Americas Gold and Silver in the 1st quarter valued at about $46,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Americas Gold and Silver in the 1st quarter valued at about $65,000. 13.38% of the stock is currently owned by institutional investors.

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.