Americas Gold and Silver (NYSEAMERICAN:USAS) Trading 8.1% Higher - Should You Buy?

Key Points

• Americas Gold and Silver Corporation saw an 8.1% increase in stock price during trading, reaching $1.00 after previously closing at $0.92.
• HC Wainwright restated a "buy" rating on the stock and raised the target price to $1.30, indicating bullish sentiment from analysts.
• Institutional investors have been actively acquiring shares, increasing their positions in Americas Gold and Silver, which now has 13.38% of its stock owned by such entities.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) shot up 8.1% during mid-day trading on Monday . The company traded as high as $1.00 and last traded at $1.00. 439,171 shares traded hands during trading, a decline of 70% from the average session volume of 1,450,491 shares. The stock had previously closed at $0.92.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a "buy" rating and issued a $1.30 target price (up from $1.00) on shares of Americas Gold and Silver in a report on Thursday, July 10th.

Americas Gold and Silver Stock Up 7.1%

The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.10. The stock's 50 day moving average is $0.85. The stock has a market cap of $665.44 million, a PE ratio of -7.60 and a beta of 0.55.

Institutional Trading of Americas Gold and Silver

A number of institutional investors and hedge funds have recently made changes to their positions in USAS. American Century Companies Inc. bought a new position in shares of Americas Gold and Silver during the fourth quarter worth about $73,000. JPMorgan Chase & Co. acquired a new position in Americas Gold and Silver during the 4th quarter valued at about $94,000. Renaissance Technologies LLC grew its position in Americas Gold and Silver by 20.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock worth $457,000 after purchasing an additional 202,600 shares during the last quarter. NewGen Asset Management Ltd bought a new position in Americas Gold and Silver in the 4th quarter worth about $2,206,000. Finally, Merk Investments LLC raised its holdings in shares of Americas Gold and Silver by 1.9% during the fourth quarter. Merk Investments LLC now owns 2,751,028 shares of the company's stock valued at $1,050,000 after buying an additional 50,000 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

About Americas Gold and Silver

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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