Americas Gold and Silver (NYSEAMERICAN:USAS) Hits New 52-Week High - What's Next?

Key Points

• Americas Gold and Silver shares reached a new 52-week high of $2.98 during trading on Monday, with a substantial trading volume of over 1.58 million shares.
• HC Wainwright has upgraded its target price for the stock to $3.25, maintaining a "buy" rating based on bullish sentiment from analysts.
• Institutional investors have significantly increased their positions in the company, with notable increases including a 273,321.1% rise from Bank of America in the last quarter.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $2.98 and last traded at $2.98, with a volume of 1588960 shares. The stock had previously closed at $2.86.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted 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 report on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $3.40.

Americas Gold and Silver Stock Up 7.9%

The business has a fifty day moving average price of $2.56 and a two-hundred day moving average price of $1.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.14 and a quick ratio of 1.03. The firm has a market capitalization of $807.75 million, a price-to-earnings ratio of -9.23 and a beta of 0.63.

Institutional Trading of Americas Gold and Silver

A number of hedge funds have recently modified their holdings of USAS. Goldman Sachs Group Inc. boosted its position 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 purchasing an additional 14,000 shares in the last quarter. Cetera Investment Advisers boosted its position 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 worth $167,000 after purchasing an additional 19,696 shares in the last quarter. Jane Street Group LLC boosted its position in Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company's stock worth $92,000 after purchasing an additional 48,616 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Americas Gold and Silver during the second quarter worth approximately $46,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Americas Gold and Silver during the second quarter worth approximately $46,000. 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.