Americas Gold and Silver (NYSEAMERICAN:USAS) Reaches New 52-Week High - Here's Why

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)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $2.93 and last traded at $2.93, with a volume of 86824 shares traded. The stock had previously closed at $2.75.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a "buy" rating and set a $3.25 price target (up from $2.50) on shares of Americas Gold and Silver in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $3.25.

Americas Gold and Silver Price Performance

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 cap of $774.09 million, a P/E ratio of -8.85 and a beta of 0.63. The stock's 50 day simple moving average is $2.44.

Institutional Trading of Americas Gold and Silver

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted 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 valued at $32,000 after acquiring an additional 14,000 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Americas Gold and Silver in the second quarter valued at about $46,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Americas Gold and Silver in the second quarter valued at about $46,000. NewEdge Advisors LLC purchased a new stake in shares of Americas Gold and Silver in the first quarter valued at about $59,000. Finally, XTX Topco Ltd boosted its holdings in shares of Americas Gold and Silver by 494.6% in the first quarter. XTX Topco Ltd now owns 122,207 shares of the company's stock valued at $64,000 after acquiring an additional 101,655 shares in the last quarter. 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.

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