Americas Gold and Silver (NYSEAMERICAN:USAS) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Americas Gold and Silver's trading volume increased significantly, with over 1.17 million shares traded, up 28% from the previous session.
• Wall Street analysts have a consensus rating of "Buy" for the stock, with a price target raised to $3.40 by HC Wainwright.
• Institutional investors are actively engaging with the stock, with notable increases in holdings from firms like Goldman Sachs and Jane Street Group.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) saw an uptick in trading volume on Tuesday . 1,170,175 shares changed hands during mid-day trading, an increase of 28% from the previous session's volume of 910,882 shares.The stock last traded at $4.41 and had previously closed at $4.55.

Wall Street Analysts Forecast Growth

USAS has been the topic of several recent analyst reports. Desjardins initiated coverage on Americas Gold and Silver in a research note on Friday, September 26th. They set a "buy" rating on the stock. HC Wainwright raised their price objective on Americas Gold and Silver from $1.30 to $3.40 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver presently has a consensus rating of "Buy" and an average price target of $3.40.

Americas Gold and Silver Trading Down 0.0%

The firm has a 50-day moving average price of $3.00 and a 200-day moving average price of $2.22. The stock has a market capitalization of $1.24 billion, a PE ratio of -14.05 and a beta of 0.66. The company has a current ratio of 1.14, a quick ratio of 1.03 and a debt-to-equity ratio of 0.90.

Institutional Investors Weigh In On Americas Gold and Silver

Several large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in Americas Gold and Silver by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company's stock worth $32,000 after acquiring an additional 14,000 shares during the last quarter. Cetera Investment Advisers increased its holdings in Americas Gold and Silver by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 450,515 shares of the company's stock worth $241,000 after acquiring an additional 21,671 shares during the last quarter. AA Financial Advisors LLC purchased a new stake in Americas Gold and Silver in the 3rd quarter worth about $93,000. Jane Street Group LLC increased its holdings in Americas Gold and Silver by 38.9% in the 1st quarter. Jane Street Group LLC now owns 173,614 shares of the company's stock worth $92,000 after acquiring an additional 48,616 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in Americas Gold and Silver during the 2nd quarter valued at about $46,000. 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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