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Americas Gold and Silver (NYSEAMERICAN:USAS) Hits New 12-Month High - Here's Why

Americas Gold and Silver logo with Basic Materials background

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $1.07 and last traded at $1.02, with a volume of 1094690 shares changing hands. The stock had previously closed at $1.04.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a "buy" rating and set a $1.30 target price (up from $1.00) on shares of Americas Gold and Silver in a report on Thursday, July 10th.

Read Our Latest Research Report on USAS

Americas Gold and Silver Stock Down 0.1%

The firm has a 50 day simple moving average of $0.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.52 and a quick ratio of 0.37. The stock has a market capitalization of $611.61 million, a PE ratio of -7.03 and a beta of 0.62.

Institutional Trading of Americas Gold and Silver

Hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC bought a new position in shares of Americas Gold and Silver during the fourth quarter worth $47,000. American Century Companies Inc. bought a new position in shares of Americas Gold and Silver during the fourth quarter worth $73,000. JPMorgan Chase & Co. bought a new position in shares of Americas Gold and Silver during the fourth quarter worth $94,000. Renaissance Technologies LLC boosted its position in shares of Americas Gold and Silver by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock worth $457,000 after acquiring an additional 202,600 shares during the last quarter. Finally, NewGen Asset Management Ltd bought a new position in shares of Americas Gold and Silver during the fourth quarter worth $2,206,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

About Americas Gold and Silver

(Get Free Report)

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.

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