Americas Gold and Silver (NYSEAMERICAN:USAS) Reaches New 1-Year High - Still a Buy?

Key Points

• Americas Gold and Silver's stock reached a new 52-week high at $1.07 with significant trading volume of 948,544 shares.
• HC Wainwright has reaffirmed a "buy" rating and raised the price target for the stock from $1.00 to $1.30.
• Several hedge funds have increased their holdings in Americas Gold and Silver, indicating growing institutional interest in the company.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1.07 and last traded at $1.07, with a volume of 948544 shares changing hands. The stock had previously closed at $1.02.

Analysts Set New Price Targets

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

Americas Gold and Silver Price Performance

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 company has a market cap of $717.30 million, a P/E ratio of -8.19 and a beta of 0.55. The firm's fifty day moving average is $0.87.

Hedge Funds Weigh In On Americas Gold and Silver

Several hedge funds have recently made changes to their positions in USAS. Goldman Sachs Group Inc. increased its holdings in shares of Americas Gold and Silver by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company's stock worth $32,000 after buying an additional 14,000 shares during the period. Cetera Investment Advisers increased its holdings in shares of Americas Gold and Silver by 4.8% in the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock worth $167,000 after buying an additional 19,696 shares during the period. Jane Street Group LLC increased its holdings in Americas Gold and Silver by 38.9% during the 1st quarter. Jane Street Group LLC now owns 173,614 shares of the company's stock valued at $92,000 after purchasing an additional 48,616 shares during the period. Merk Investments LLC increased its holdings in Americas Gold and Silver by 1.9% during the 4th quarter. Merk Investments LLC now owns 2,751,028 shares of the company's stock valued at $1,050,000 after purchasing an additional 50,000 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new position in Americas Gold and Silver during the 2nd quarter valued at about $46,000. 13.38% of the stock is currently owned by hedge funds and other 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.

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