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

Key Points

• Shares gapped up pre-market from $8.00 to $8.50 and were last at $8.2150 on volume of 1,847,255 shares (about a 2.6% rise).
• Wall Street has a consensus Buy rating (three analysts) with an average target price of $9.75, including reaffirmation and new coverage from HC Wainwright and TD Securities.
• Company fundamentals show a market cap of $2.62B, a negative P/E (-31.39) and debt-to-equity of 0.96, while institutional investors (13.38% ownership) added or increased positions in Q4.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $8.00, but opened at $8.50. Americas Gold and Silver shares last traded at $8.2150, with a volume of 1,847,255 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on USAS shares. HC Wainwright reaffirmed a "buy" rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a research note on Thursday, January 22nd. TD Securities initiated coverage on Americas Gold and Silver in a research report on Monday. They issued a "buy" rating for the company. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Americas Gold and Silver has a consensus rating of "Buy" and an average target price of $9.75.

Americas Gold and Silver Stock Up 2.6%

The company has a market cap of $2.62 billion, a price-to-earnings ratio of -31.39 and a beta of 0.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. The business's 50 day simple moving average is $6.23 and its 200-day simple moving average is $4.38.

Institutional Trading of Americas Gold and Silver

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new position in shares of Americas Gold and Silver in the 4th quarter valued at approximately $754,000. Themes Management Co LLC bought a new position in shares of Americas Gold and Silver in the fourth quarter valued at approximately $153,000. Banque Cantonale Vaudoise lifted its stake in shares of Americas Gold and Silver by 29.7% in the fourth quarter. Banque Cantonale Vaudoise now owns 45,400 shares of the company's stock worth $233,000 after buying an additional 10,400 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Americas Gold and Silver by 7.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 788,107 shares of the company's stock worth $4,027,000 after buying an additional 56,645 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Americas Gold and Silver during the 4th quarter worth $275,000. 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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