Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Up 2.6% - Here's What Happened

Key Points

• Shares rose 2.6% to $5.9530 on Friday (intraday high $5.99), with 412,608 shares traded — roughly 72% below the stock's average session volume.
• Analysts hold a consensus Buy rating: Desjardins initiated coverage with a buy and HC Wainwright reiterated buy while raising its target to $4.90, leaving the average price target at $4.90 (below the recent share price).
• Americas Gold and Silver has a market cap of $1.93 billion, a negative P/E (-23.29) and debt-to-equity around 0.96; it operates the Cosalá district in Mexico and Relief Canyon in Nevada, and institutions own about 13.4% of the stock.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) shot up 2.6% on Friday . The company traded as high as $5.99 and last traded at $5.9530. 412,608 shares were traded during trading, a decline of 72% from the average session volume of 1,450,492 shares. The stock had previously closed at $5.80.

Analysts Set New Price Targets

A number of brokerages have commented on USAS. Desjardins initiated coverage on Americas Gold and Silver in a research note on Friday, September 26th. They issued a "buy" rating for the company. HC Wainwright reiterated a "buy" rating and issued a $4.90 target price (up from $3.40) on shares of Americas Gold and Silver in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $4.90.

Americas Gold and Silver Stock Up 4.4%

The stock's 50 day simple moving average is $4.50 and its two-hundred day simple moving average is $3.34. The firm has a market cap of $1.93 billion, a P/E ratio of -23.29 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77.

Institutional Investors Weigh In On Americas Gold and Silver

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Americas Gold and Silver by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company's stock worth $32,000 after acquiring an additional 14,000 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in Americas Gold and Silver in the 3rd quarter worth about $42,000. Baader Bank Aktiengesellschaft purchased a new stake in Americas Gold and Silver during the 2nd quarter valued at about $46,000. B. Riley Wealth Advisors Inc. bought a new stake in Americas Gold and Silver during the 2nd quarter valued at about $46,000. Finally, Gabelli Funds LLC increased its stake 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. 13.38% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.