Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down - Here's What Happened

Key Points

• Shares gapped down — USAS opened at $5.96 after a $6.55 close and was last at $5.7250 on heavy volume (~3.75M shares).
• Analyst consensus is "Buy" — Four analysts rate the stock Buy with a consensus price target of $9.75 (HC Wainwright reiterated $9.75; Canaccord and TD initiated coverage with Buy ratings).
• Notable institutional buying — Several funds recently established or increased positions (e.g., NewGen, Mirae, Montrusco, Polar, Alps), and institutions now own about 13.38% of the company.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $6.55, but opened at $5.96. Americas Gold and Silver shares last traded at $5.7250, with a volume of 3,753,879 shares trading hands.

Analysts Set New Price Targets

USAS has been the subject of several analyst reports. HC Wainwright restated a "buy" rating and issued a $9.75 target price on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Canaccord Genuity Group started coverage on shares of Americas Gold and Silver in a research report on Tuesday, February 24th. They issued a "buy" rating on the stock. Finally, TD Securities initiated coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They issued a "buy" rating for the company. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $9.75.

Americas Gold and Silver Stock Performance

The firm has a market capitalization of $1.86 billion, a P/E ratio of -22.48 and a beta of 0.53. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The firm has a 50-day moving average price of $7.78 and a two-hundred day moving average price of $5.45.

Institutional Trading of Americas Gold and Silver

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewGen Equity Long Short Fund purchased a new stake in shares of Americas Gold and Silver in the second quarter valued at approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Americas Gold and Silver during the 2nd quarter valued at $10,574,000. Montrusco Bolton Investments Inc. purchased a new stake in shares of Americas Gold and Silver in the 3rd quarter worth $9,954,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Americas Gold and Silver in the 4th quarter worth $12,999,000. Finally, Alps Advisors Inc. grew its position in shares of Americas Gold and Silver by 62.9% during the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company's stock worth $30,009,000 after buying an additional 2,267,956 shares in the last quarter. Institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver and gold assets in North America. The company's core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.

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