Americas Gold and Silver (NYSEAMERICAN:USAS) Sees Strong Trading Volume - Still a Buy?

Key Points

• Americas Gold and Silver experienced a significant trading volume with approximately 720,098 shares traded, though this was a slight decrease of 2% from the previous session.
• HC Wainwright raised the target price for the company's stock from $1.30 to $3.40 and assigned a "buy" rating, contributing to a consensus "buy" rating among analysts.
• Several institutional investors, including B. Riley Wealth Advisors and Tidal Investments LLC, have increased their stake in Americas Gold and Silver significantly during the second quarter.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 720,098 shares were traded during trading, a decline of 2% from the previous session's volume of 737,427 shares.The stock last traded at $3.14 and had previously closed at $3.12.

Analysts Set New Price Targets

Separately, HC Wainwright boosted their target price on shares of Americas Gold and Silver from $1.30 to $3.40 and gave the company a "buy" rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $3.40.

Americas Gold and Silver Stock Up 2.4%

The business's 50 day moving average is $2.60 and its 200-day moving average is $1.98. The stock has a market cap of $879.14 million, a price-to-earnings ratio of -9.83 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new position in Americas Gold and Silver in the 2nd quarter valued at $46,000. Tidal Investments LLC lifted its holdings in Americas Gold and Silver by 56.0% in the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company's stock valued at $4,500,000 after purchasing an additional 2,000,563 shares in the last quarter. Bank of America Corp DE lifted its holdings in Americas Gold and Silver by 38.6% in the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company's stock valued at $2,521,000 after purchasing an additional 869,500 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Americas Gold and Silver by 81.6% during the 2nd quarter. Jane Street Group LLC now owns 315,201 shares of the company's stock worth $255,000 after acquiring an additional 141,587 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Americas Gold and Silver during the 2nd quarter worth $10,574,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

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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