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

Key Points

• Americas Gold and Silver shares gapped down pre-market, opening at $5.08 after a $5.31 close and last trading around $5.11 on roughly 1.31 million shares.
• Analysts maintain a consensus Buy rating with an average price target of $4.90; HC Wainwright raised its target to $4.90 and Desjardins recently initiated coverage with a buy.
• The company has a $1.72 billion market cap and a negative P/E (-20.58), with 50‑day/200‑day moving averages of $4.68/$3.54, liquidity ratios below 1, and about 13.4% institutional ownership.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $5.31, but opened at $5.08. Americas Gold and Silver shares last traded at $5.11, with a volume of 1,313,146 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Desjardins initiated coverage on shares of Americas Gold and Silver in a research report on Friday, September 26th. They set a "buy" rating for the company. HC Wainwright reiterated a "buy" rating and set a $4.90 price objective (up from $3.40) on shares of Americas Gold and Silver in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $4.90.

Americas Gold and Silver Price Performance

The business's 50 day moving average price is $4.68 and its 200-day moving average price is $3.54. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96. The company has a market cap of $1.72 billion, a PE ratio of -20.58 and a beta of 0.60.

Institutional Trading of Americas Gold and Silver

Several institutional investors have recently added to or reduced their stakes in the stock. U S Global Investors Inc. grew its position in shares of Americas Gold and Silver by 275.0% during the second quarter. U S Global Investors Inc. now owns 1,500,000 shares of the company's stock worth $1,213,000 after acquiring an additional 1,100,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Americas Gold and Silver by 75.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,135,900 shares of the company's stock valued at $918,000 after purchasing an additional 487,400 shares during the period. Fiducient Advisors LLC bought a new position in Americas Gold and Silver in the 2nd quarter worth about $81,000. Goldman Sachs Group Inc. increased its stake in shares of Americas Gold and Silver by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company's stock valued at $32,000 after purchasing an additional 14,000 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Americas Gold and Silver in the second quarter valued at approximately $603,000. 13.38% of the stock is owned by institutional investors and hedge funds.

About Americas Gold and Silver

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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