Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) were down 6% during mid-day trading on Tuesday . The company traded as low as $0.92 and last traded at $0.94. Approximately 910,023 shares were traded during trading, a decline of 27% from the average daily volume of 1,249,503 shares. The stock had previously closed at $1.00.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and issued a $1.30 price target (up previously from $1.00) on shares of Americas Gold and Silver in a report on Thursday, July 10th.
Check Out Our Latest Stock Report on USAS
Americas Gold and Silver Stock Performance
The company has a market cap of $629.01 million, a P/E ratio of -7.23 and a beta of 0.62. The firm has a 50-day moving average price of $0.78. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.10.
Hedge Funds Weigh In On Americas Gold and Silver
Several institutional investors and hedge funds have recently modified their holdings of USAS. Goldman Sachs Group Inc. lifted its stake 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 valued at $32,000 after acquiring an additional 14,000 shares in the last quarter. Cetera Investment Advisers lifted its stake in Americas Gold and Silver by 4.8% in 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. Jane Street Group LLC lifted its stake 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 valued at $92,000 after acquiring an additional 48,616 shares in the last quarter. Merk Investments LLC lifted its stake in Americas Gold and Silver by 1.9% in the 4th quarter. Merk Investments LLC now owns 2,751,028 shares of the company's stock valued at $1,050,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in Americas Gold and Silver in the 2nd quarter valued at approximately $46,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.
About Americas Gold and Silver
(
Get Free Report)
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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