Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Up 10.4% - Here's What Happened

Key Points

• Americas Gold and Silver shares rose 10.4% to $5.4650, with approximately 1.75 million shares traded—about 70% below average volume.
• Analyst sentiment remains mixed: Zacks downgraded the stock to “strong sell,” while HC Wainwright maintained a “buy” rating despite lowering its price target to $9.25. Overall, analysts hold a “Moderate Buy” consensus with an average target of $9.25.
• Institutional investors own 13.38% of the company, with several funds—including Gabelli Funds and Pictet Asset Management—recently increasing their positions.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) traded up 10.4% on Wednesday . The stock traded as high as $5.36 and last traded at $5.4650. Approximately 1,746,757 shares changed hands during trading, a decline of 70% from the average session volume of 5,780,444 shares. The stock had previously closed at $4.95.

Wall Street Analysts Forecast Growth

USAS has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. HC Wainwright cut their price target on shares of Americas Gold and Silver from $9.75 to $9.25 and set a "buy" rating on the stock in a research note on Wednesday. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $9.25.

Americas Gold and Silver Trading Up 7.4%

The company has a market capitalization of $1.80 billion, a PE ratio of -27.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68. The business has a fifty day moving average price of $4.63 and a 200 day moving average price of $5.97.

Hedge Funds Weigh In On Americas Gold and Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG raised its stake in shares of Americas Gold and Silver by 0.3% during the fourth quarter. Deutsche Bank AG now owns 591,646 shares of the company's stock valued at $3,023,000 after purchasing an additional 1,867 shares during the period. Gabelli Funds LLC grew its holdings in Americas Gold and Silver by 50.0% during the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company's stock valued at $56,000 after purchasing an additional 5,000 shares in the last quarter. State of Wyoming purchased a new stake in Americas Gold and Silver during the 1st quarter worth $43,000. Pictet Asset Management Holding SA lifted its holdings in Americas Gold and Silver by 22.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company's stock worth $249,000 after buying an additional 8,636 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Americas Gold and Silver in the 1st quarter worth $46,000. Institutional investors and hedge funds own 13.38% of the company's stock.

Americas Gold and Silver Company Profile

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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