Americas Gold and Silver (NYSEAMERICAN:USAS) Sets New 52-Week High - Should You Buy?

Key Points

• Americas Gold and Silver's stock reached a new 52-week high of $2.93 during trading, up from a previous close of $2.75.
• Analysts maintain a buy rating for the stock, with HC Wainwright raising its price target to $3.25, indicating potential upside.
• Significant institutional investment has occurred, with notable increases in holdings by firms such as Goldman Sachs and XTX Topco Ltd.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.93 and last traded at $2.93, with a volume of 86824 shares. The stock had previously closed at $2.75.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a "buy" rating and issued a $3.25 price target (up previously from $2.50) on shares of Americas Gold and Silver in a report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $3.25.

Americas Gold and Silver Stock Performance

The company has a market capitalization of $770.06 million, a price-to-earnings ratio of -8.80 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. The company has a fifty day moving average of $2.51.

Institutional Trading of Americas Gold and Silver

Several hedge funds have recently added to or reduced their stakes in USAS. Bank of America Corp DE raised its stake in Americas Gold and Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock valued at $78,000 after acquiring an additional 207,724 shares in the last quarter. Cetera Investment Advisers raised its stake in Americas Gold and Silver by 4.8% during the 4th quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock valued at $167,000 after acquiring an additional 19,696 shares in the last quarter. NewGen Asset Management Ltd raised its stake in Americas Gold and Silver by 447.7% during the 1st quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock valued at $16,664,000 after acquiring an additional 25,837,788 shares in the last quarter. Intact Investment Management Inc. bought a new stake in Americas Gold and Silver during the 1st quarter valued at $2,819,000. Finally, Alps Advisors Inc. raised its stake in Americas Gold and Silver by 1,587.0% during the 1st quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company's stock valued at $848,000 after acquiring an additional 1,513,968 shares in the last quarter. 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.