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

Key Points

• Americas Gold and Silver's stock reached a new 52-week high of $4.54, reflecting a significant increase from the previous closing price of $4.13.
• Wall Street analysts have given the stock a consensus "Buy" rating with an average price target of $3.40, indicating expectations for future growth.
• Institutional investors have increased their holdings in the company, including a 29.6% stake increase by Goldman Sachs Group during the first quarter.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $4.54 and last traded at $4.51, with a volume of 2456203 shares traded. The stock had previously closed at $4.13.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on USAS. Desjardins began coverage on Americas Gold and Silver in a report on Friday, September 26th. They issued a "buy" rating on the stock. HC Wainwright raised their price target on shares of 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. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $3.40.

Americas Gold and Silver Stock Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.03 and a current ratio of 1.14. The firm's 50-day moving average price is $2.96 and its two-hundred day moving average price is $2.20. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -14.00 and a beta of 0.66.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in Americas Gold and Silver by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company's stock worth $32,000 after acquiring an additional 14,000 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in Americas Gold and Silver in the 2nd quarter valued at about $46,000. B. Riley Wealth Advisors Inc. acquired a new position in Americas Gold and Silver in the second quarter valued at about $46,000. NewEdge Advisors LLC purchased a new position in Americas Gold and Silver during the first quarter worth about $59,000. Finally, XTX Topco Ltd boosted its stake in Americas Gold and Silver by 494.6% during the first quarter. XTX Topco Ltd now owns 122,207 shares of the company's stock worth $64,000 after buying an additional 101,655 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.

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