Americas Gold and Silver Sees Unusually High Options Volume (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the target of unusually large options trading activity on Friday. Stock investors bought 24,729 call options on the company. This is an increase of approximately 449% compared to the typical daily volume of 4,506 call options.

Hedge Funds Weigh In On Americas Gold and Silver

A number of large investors have recently added to or reduced their stakes in USAS. Hudson Bay Capital Management LP acquired a new stake in shares of Americas Gold and Silver in the third quarter valued at about $42,000. State of Wyoming purchased a new stake in shares of Americas Gold and Silver during the first quarter worth about $43,000. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver during the 1st quarter worth about $46,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Americas Gold and Silver during the 2nd quarter worth about $46,000. Finally, Stone House Investment Management LLC lifted its stake in Americas Gold and Silver by 130.2% in the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after buying an additional 5,236 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. HC Wainwright restated a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research report on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Price Performance

NYSEAMERICAN USAS traded down $0.16 during trading hours on Friday, reaching $4.30. The company’s stock had a trading volume of 3,622,649 shares, compared to its average volume of 3,439,828. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -19.55 and a beta of 0.91. The company’s 50-day moving average is $5.53 and its two-hundred day moving average is $6.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54. Americas Gold and Silver has a 1-year low of $2.18 and a 1-year high of $10.50.

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 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.