Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 7.5% - Here's Why

Key Points

• Shares fell 7.5% on Wednesday to as low as $6.78, with about 1.11 million shares traded—roughly an 85% drop from its average daily volume.
• Analysts remain bullish, with four Buy ratings and an average price target of $9.75 (HC Wainwright reaffirmed a $9.75 target).
• Financials show stretched liquidity and negative earnings: quick ratio 0.77, current ratio 0.91, debt/equity 0.96, and a negative PE of -25.87 on a $2.15 billion market cap.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s share price dropped 7.5% during trading on Wednesday . The stock traded as low as $6.78 and last traded at $6.82. Approximately 1,110,392 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 7,266,333 shares. The stock had previously closed at $7.37.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. HC Wainwright reaffirmed a "buy" rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research note on Thursday, January 22nd. Canaccord Genuity Group initiated coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They set a "buy" rating on the stock. Finally, TD Securities started coverage on shares of Americas Gold and Silver in a research report on Monday, February 9th. They set a "buy" rating on the stock. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $9.75.

Americas Gold and Silver Stock Down 9.0%

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 business has a 50-day simple moving average of $7.76 and a 200-day simple moving average of $5.44. The company has a market cap of $2.15 billion, a PE ratio of -25.87 and a beta of 0.53.

Institutional Investors Weigh In On Americas Gold and Silver

A number of institutional investors have recently added to or reduced their stakes in USAS. NewGen Equity Long Short Fund acquired a new position in Americas Gold and Silver during the second quarter worth $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Americas Gold and Silver in the second quarter valued at about $10,574,000. Alps Advisors Inc. grew its position in shares of Americas Gold and Silver by 62.9% in the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company's stock valued at $30,009,000 after purchasing an additional 2,267,956 shares during the period. Tidal Investments LLC increased its stake in shares of Americas Gold and Silver by 56.0% during the second quarter. Tidal Investments LLC now owns 5,570,774 shares of the company's stock worth $4,500,000 after purchasing an additional 2,000,563 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Americas Gold and Silver by 38.6% during the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company's stock worth $2,521,000 after purchasing an additional 869,500 shares during the last quarter. Institutional investors and hedge funds 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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