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

Key Points

• Americas Gold and Silver Corporation reached a new 52-week high with shares trading at $4.09, marking a significant uptick from its previous close of $3.95.
• Equity analysts have issued a consensus target price of $3.40 and rated the stock as a "buy," influenced by upgrades from firms including HC Wainwright.
• Recent institutional activity shows significant increases in holdings, with Bank of America Corp DE growing its stake by over 273,000% in the 4th quarter.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $4.07 and last traded at $4.09, with a volume of 242296 shares trading hands. The stock had previously closed at $3.95.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on USAS shares. Desjardins assumed coverage on Americas Gold and Silver in a research report on Friday, September 26th. They set a "buy" rating on the stock. HC Wainwright upped their target price on Americas Gold and Silver from $1.30 to $3.40 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $3.40.

Americas Gold and Silver Stock Up 3.2%

The company's 50 day moving average price is $2.78 and its 200 day moving average price is $2.10. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -12.54 and a beta of 0.66. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USAS. Bank of America Corp DE grew its position 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 worth $78,000 after purchasing an additional 207,724 shares during the period. NewGen Asset Management Ltd raised its position in Americas Gold and Silver by 447.7% during the first 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. acquired a new position in Americas Gold and Silver in the first quarter valued at approximately $2,819,000. Alps Advisors Inc. boosted its position in Americas Gold and Silver by 1,587.0% in the 1st quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company's stock worth $848,000 after purchasing an additional 1,513,968 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Americas Gold and Silver by 5.1% during the 1st quarter. Cetera Investment Advisers now owns 450,515 shares of the company's stock worth $241,000 after purchasing an additional 21,671 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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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