Americas Gold and Silver (NYSEAMERICAN:USAS) Reaches New 12-Month High - Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $1.07 and last traded at $1.02, with a volume of 1094690 shares. The stock had previously closed at $1.04.

Wall Street Analysts Forecast Growth

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

Americas Gold and Silver Trading Down 4.1%

The company has a market cap of $667.42 million, a price-to-earnings ratio of -7.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a 50 day simple moving average of $0.74.

Hedge Funds Weigh In On Americas Gold and Silver

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in Americas Gold and Silver during the fourth quarter valued at approximately $94,000. Cetera Investment Advisers lifted its holdings in Americas Gold and Silver by 4.8% during the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock valued at $167,000 after purchasing an additional 19,696 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Americas Gold and Silver by 20.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock worth $457,000 after buying an additional 202,600 shares in the last quarter. HighTower Advisors LLC purchased a new position in Americas Gold and Silver during the fourth quarter worth about $47,000. Finally, American Century Companies Inc. acquired a new position in shares of Americas Gold and Silver in the fourth quarter valued at approximately $73,000. 13.38% of the stock is currently owned by institutional investors.

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.