Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Up 8.1% - Time to 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)'s share price rose 8.1% during trading on Monday . The company traded as high as $1.00 and last traded at $1.00. Approximately 439,171 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,450,491 shares. The stock had previously closed at $0.92.

Wall Street Analysts Forecast Growth

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 research note on Thursday, July 10th.

Americas Gold and Silver Trading Up 0.5%

The business has a 50-day moving average price of $0.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.52 and a quick ratio of 0.37. The company has a market capitalization of $730.77 million, a P/E ratio of -8.35 and a beta of 0.55.

Institutional Investors Weigh In On Americas Gold and Silver

Large investors have recently bought and sold shares of the company. Merk Investments LLC boosted its holdings in Americas Gold and Silver by 2,486.3% in the 1st quarter. Merk Investments LLC now owns 71,151,028 shares of the company's stock valued at $38,062,000 after purchasing an additional 68,400,000 shares during the last quarter. NewGen Asset Management Ltd increased its stake in Americas Gold and Silver by 447.7% during the first quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock worth $16,664,000 after acquiring an additional 25,837,788 shares during the last quarter. Sprott Inc. raised its position in Americas Gold and Silver by 5.2% in the first quarter. Sprott Inc. now owns 5,757,602 shares of the company's stock valued at $3,081,000 after purchasing an additional 285,500 shares during the period. Intact Investment Management Inc. acquired a new position in shares of Americas Gold and Silver in the 1st quarter valued at $2,819,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Americas Gold and Silver during the 1st quarter worth about $1,677,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

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.