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

Key Points

• Shares of Americas Gold and Silver gapped up at the open, rising from $8.48 to $8.83 and last trading at $8.8210, up about 5.7% on volume of roughly 3.01 million shares.
• Analyst activity is bullish—Desjardins initiated coverage with a "buy" and HC Wainwright reaffirmed a "buy," leaving a consensus rating of Buy and an average price target of $9.75.
• Fundamentals show a $2.86 billion market cap and a negative P/E (-34.59); the stock trades well above its 50- and 200-day SMAs ($5.25 and $3.88) while institutional ownership remains modest at about 13.38%.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $8.48, but opened at $8.83. Americas Gold and Silver shares last traded at $8.8210, with a volume of 3,009,140 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Desjardins started coverage on shares of Americas Gold and Silver in a research report on Friday, September 26th. They issued a "buy" rating on the stock. HC Wainwright reaffirmed a "buy" rating and set a $9.75 target price on shares of Americas Gold and Silver in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $9.75.

Americas Gold and Silver Stock Up 5.7%

The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -34.59 and a beta of 0.60. The business has a fifty day simple moving average of $5.25 and a 200 day simple moving average of $3.88. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Stone House Investment Management LLC grew its position in Americas Gold and Silver by 130.2% in the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company's stock worth $47,000 after acquiring an additional 5,236 shares during the period. Wealthcare Capital Management LLC purchased a new stake in Americas Gold and Silver in the fourth quarter valued at $57,000. Hudson Bay Capital Management LP acquired a new position in shares of Americas Gold and Silver in the 3rd quarter valued at $42,000. Gabelli Funds LLC grew its holdings in shares of Americas Gold and Silver by 50.0% during the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company's stock worth $56,000 after purchasing an additional 5,000 shares during the period. Finally, Greenberg Financial Group purchased a new position in shares of Americas Gold and Silver during the 4th quarter worth $102,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

About Americas Gold and Silver

Americas Gold and Silver Corporation 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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