Stock Traders Buy High Volume of Call Options on Americas Gold and Silver (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) saw some unusual options trading on Wednesday. Stock investors purchased 8,860 call options on the stock. This is an increase of approximately 1,404% compared to the typical daily volume of 589 call options.

Institutional Investors Weigh In On Americas Gold and Silver

Large investors have recently bought and sold shares of the business. U S Global Investors Inc. lifted its holdings in shares of Americas Gold and Silver by 275.0% in the 2nd quarter. U S Global Investors Inc. now owns 1,500,000 shares of the company’s stock valued at $1,213,000 after acquiring an additional 1,100,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Americas Gold and Silver by 75.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,135,900 shares of the company’s stock valued at $918,000 after purchasing an additional 487,400 shares during the period. Fiducient Advisors LLC purchased a new stake in Americas Gold and Silver during the second quarter valued at approximately $81,000. Goldman Sachs Group Inc. lifted its stake in shares of Americas Gold and Silver by 29.6% in the 1st 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, Merk Investments LLC boosted its holdings in shares of Americas Gold and Silver by 2,486.3% in the 1st quarter. Merk Investments LLC now owns 71,151,028 shares of the company’s stock worth $38,062,000 after purchasing an additional 68,400,000 shares during the period. Institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Price Performance

NYSEAMERICAN:USAS traded up $0.16 during trading hours on Wednesday, reaching $4.17. The stock had a trading volume of 747,539 shares, compared to its average volume of 1,244,062. The stock has a market capitalization of $1.14 billion, a PE ratio of -12.82 and a beta of 0.66. Americas Gold and Silver has a 52 week low of $0.87 and a 52 week high of $5.12. The company has a 50 day moving average price of $3.90 and a two-hundred day moving average price of $2.81. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.03 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

Several research firms have recently commented on USAS. HC Wainwright reissued a “buy” rating and issued a $4.90 target price (up previously from $3.40) on shares of Americas Gold and Silver in a report on Tuesday, November 11th. Desjardins initiated coverage on shares of Americas Gold and Silver in a report on Friday, September 26th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $4.90.

About Americas Gold and Silver

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.