Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 5.3% - What's Next?

Key Points

• Americas Gold and Silver shares fell 5.3% to $2.76, with trading volume declining to 645,283 shares, a decrease from the average of 663,825 shares.
• HC Wainwright has upgraded the stock's price target to $3.25, maintaining a "buy" rating, while the average target price is also $3.25.
• Institutional investors have significantly increased their holdings, with Merk Investments LLC raising its stake by 2,486.3% to over 71 million shares.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) dropped 5.3% during trading on Tuesday . The stock traded as low as $2.79 and last traded at $2.76. Approximately 645,283 shares changed hands during trading, a decline of 3% from the average daily volume of 663,825 shares. The stock had previously closed at $2.91.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $3.25 price objective (up from $2.50) on shares of Americas Gold and Silver in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Americas Gold and Silver has an average rating of "Buy" and an average target price of $3.25.

Americas Gold and Silver Stock Down 6.1%

The business's fifty day moving average is $2.46. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.14 and a quick ratio of 1.03. The firm has a market capitalization of $735.59 million, a PE ratio of -8.42 and a beta of 0.63.

Institutional Investors Weigh In On Americas Gold and Silver

Several large investors have recently modified their holdings of USAS. Merk Investments LLC raised its stake in shares of Americas Gold and Silver by 2,486.3% during the first quarter. Merk Investments LLC now owns 71,151,028 shares of the company's stock worth $38,062,000 after purchasing an additional 68,400,000 shares during the last quarter. NewGen Asset Management Ltd grew its holdings in Americas Gold and Silver by 447.7% during the first quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock worth $16,664,000 after acquiring an additional 25,837,788 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Americas Gold and Silver during the second quarter worth $10,574,000. Intact Investment Management Inc. acquired a new position in Americas Gold and Silver during the first quarter worth $2,819,000. Finally, Mackenzie Financial Corp acquired a new position in Americas Gold and Silver during the first quarter worth $1,677,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Company Profile

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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