Americas Gold and Silver (NYSEAMERICAN:USAS) Trading Down 10.5% - Here's Why

Key Points

• Americas Gold and Silver's stock price dropped by 10.5% during trading on Friday, reaching a low of $4.40, with trading volume significantly increasing to 2,023,606 shares.
• Despite the decline, analysts remain optimistic, with HC Wainwright raising their price target from $1.30 to $3.40 and rating the stock as a "buy."
• The company's market capitalization stands at $1.20 billion and it has a current ratio of 1.14, indicating a relatively stable financial position.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) traded down 10.5% during trading on Friday . The stock traded as low as $4.40 and last traded at $4.40. 2,023,606 shares were traded during mid-day trading, an increase of 109% from the average session volume of 969,862 shares. The stock had previously closed at $4.91.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on USAS shares. HC Wainwright increased their price target on Americas Gold and Silver from $1.30 to $3.40 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Desjardins began coverage on shares of Americas Gold and Silver in a report on Friday, September 26th. They set a "buy" rating on the stock. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Americas Gold and Silver presently has an average rating of "Buy" and a consensus price target of $3.40.

Americas Gold and Silver Stock Performance

The company has a market cap of $1.20 billion, a P/E ratio of -13.49 and a beta of 0.66. The business has a 50 day moving average price of $3.12 and a two-hundred day moving average price of $2.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.03 and a current ratio of 1.14.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. AA Financial Advisors LLC purchased a new position in shares of Americas Gold and Silver during the third quarter valued at about $93,000. B. Riley Wealth Advisors Inc. bought a new stake in Americas Gold and Silver during the 2nd quarter valued at approximately $46,000. Tidal Investments LLC lifted its stake in shares of Americas Gold and Silver by 56.0% in the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company's stock valued at $4,500,000 after purchasing an additional 2,000,563 shares during the period. Bank of America Corp DE lifted its stake in shares of Americas Gold and Silver by 38.6% in the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company's stock valued at $2,521,000 after purchasing an additional 869,500 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Americas Gold and Silver by 81.6% in the 2nd quarter. Jane Street Group LLC now owns 315,201 shares of the company's stock valued at $255,000 after purchasing an additional 141,587 shares during the period. 13.38% of the stock is currently owned by 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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