Americas Gold and Silver (NYSEAMERICAN:USAS) Hits New 1-Year High - Time to Buy?

Key Points

• Americas Gold and Silver Corporation reached a new 52-week high of $3.14, with a recent trading price of $3.08 and a significant trading volume of 730,079 shares.
• HC Wainwright upgraded the company's price target from $1.30 to $3.40 and assigned a "buy" rating, reflecting a positive consensus outlook for the stock.
• Institutional investors have been active in buying shares, with notable increases in holdings by firms like Goldman Sachs and XTX Topco, indicating growing interest in the company.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $3.14 and last traded at $3.08, with a volume of 730079 shares. The stock had previously closed at $3.00.

Analyst Ratings Changes

Separately, HC Wainwright upped their target price on Americas Gold and Silver from $1.30 to $3.40 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver has an average rating of "Buy" and an average target price of $3.40.

Americas Gold and Silver Price Performance

The business has a 50 day moving average price of $2.57 and a two-hundred day moving average price of $1.96. The stock has a market cap of $842.75 million, a PE ratio of -9.63 and a beta of 0.63. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.03 and a current ratio of 1.14.

Hedge Funds Weigh In On Americas Gold and Silver

Several institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new position in Americas Gold and Silver in the second quarter valued at approximately $46,000. Tidal Investments LLC lifted its stake in Americas Gold and Silver by 56.0% in the second quarter. Tidal Investments LLC now owns 5,570,774 shares of the company's stock valued at $4,500,000 after purchasing an additional 2,000,563 shares during the last quarter. Bank of America Corp DE lifted its stake in Americas Gold and Silver by 38.6% in the second quarter. Bank of America Corp DE now owns 3,123,373 shares of the company's stock valued at $2,521,000 after purchasing an additional 869,500 shares during the last quarter. Jane Street Group LLC raised its holdings in Americas Gold and Silver by 81.6% during the 2nd quarter. Jane Street Group LLC now owns 315,201 shares of the company's stock valued at $255,000 after acquiring an additional 141,587 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Americas Gold and Silver during the 2nd quarter valued at $10,574,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Company Profile

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.