Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 8.3% - Time to Sell?

Key Points

• Americas Gold and Silver's stock price dropped by 8.3% to $0.88, with trading volume significantly above the average at 2,444,956 shares.
• HC Wainwright has maintained a "buy" rating on the stock while raising its price target to $1.30, indicating positive sentiment among analysts.
• Institutional investments in the company increased, notably with Goldman Sachs raising its stake by 29.6% in the first quarter, reflecting growing interest from hedge funds.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s stock price fell 8.3% during trading on Tuesday . The company traded as low as $0.88 and last traded at $0.88. 2,444,956 shares changed hands during mid-day trading, an increase of 61% from the average session volume of 1,518,013 shares. The stock had previously closed at $0.96.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a "buy" rating and issued a $1.30 price objective (up from $1.00) on shares of Americas Gold and Silver in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $1.30.

Americas Gold and Silver Trading Down 7.3%

The company has a market cap of $599.30 million, a price-to-earnings ratio of -6.84 and a beta of 0.55. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.03 and a current ratio of 1.14. The stock has a 50 day simple moving average of $0.92.

Institutional Trading of Americas Gold and Silver

Several hedge funds have recently made changes to their positions in USAS. Goldman Sachs Group Inc. raised its position in shares of Americas Gold and Silver by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company's stock valued at $32,000 after buying an additional 14,000 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Americas Gold and Silver during the 2nd quarter valued at about $46,000. NewEdge Advisors LLC purchased a new stake in shares of Americas Gold and Silver during the 1st quarter valued at about $59,000. XTX Topco Ltd raised its position in shares of Americas Gold and Silver by 494.6% during the 1st quarter. XTX Topco Ltd now owns 122,207 shares of the company's stock valued at $64,000 after buying an additional 101,655 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Americas Gold and Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock valued at $78,000 after buying an additional 207,724 shares in the last quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

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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