Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) rose 5.9% during mid-day trading on Friday . The company traded as high as $2.96 and last traded at $2.95. Approximately 778,318 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 707,104 shares. The stock had previously closed at $2.78.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright upped their price objective on Americas Gold and Silver from $1.30 to $3.40 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Americas Gold and Silver has an average rating of "Buy" and a consensus target price of $3.40.
Check Out Our Latest Analysis on Americas Gold and Silver
Americas Gold and Silver Price Performance
The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.90. The firm's 50 day simple moving average is $2.56 and its 200-day simple moving average is $1.96.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of Americas Gold and Silver by 273,321.1% in the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock valued at $78,000 after purchasing an additional 207,724 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of 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 purchasing an additional 19,696 shares during the last quarter. NewGen Asset Management Ltd boosted its holdings in shares of Americas Gold and Silver by 447.7% in the 1st quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock valued at $16,664,000 after purchasing an additional 25,837,788 shares during the last quarter. Intact Investment Management Inc. purchased a new position in shares of Americas Gold and Silver in the 1st quarter valued at $2,819,000. Finally, Alps Advisors Inc. raised its stake in shares of Americas Gold and Silver by 1,587.0% in the 1st quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company's stock valued at $848,000 after acquiring an additional 1,513,968 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.
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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