Americas Gold and Silver (NYSEAMERICAN:USAS) Trading Down 5.1% - What's Next?

Key Points

• Americas Gold and Silver's stock declined by 5.1% to a trading price of $1.02, with a sharp decrease in trading volume, down 86% from its average.
• Analysts from HC Wainwright have upgraded their price target for the stock from $1.00 to $1.30, maintaining a "buy" rating.
• Recently, several hedge funds have increased their stakes in Americas Gold and Silver, indicating growing institutional interest in the company.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) fell 5.1% during mid-day trading on Tuesday . The company traded as low as $1.05 and last traded at $1.02. 201,723 shares were traded during trading, a decline of 86% from the average session volume of 1,469,674 shares. The stock had previously closed at $1.07.

Analysts Set New Price Targets

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

Americas Gold and Silver Stock Down 3.3%

The company has a market capitalization of $697.09 million, a price-to-earnings ratio of -7.96 and a beta of 0.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.37 and a current ratio of 0.52. The business has a 50-day moving average price of $0.90.

Hedge Funds Weigh In On Americas Gold and Silver

Several hedge funds have recently bought and sold shares of USAS. Baader Bank Aktiengesellschaft purchased a new position in Americas Gold and Silver in the 2nd quarter worth approximately $46,000. Goldman Sachs Group Inc. lifted its stake in Americas Gold and Silver by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company's stock worth $32,000 after purchasing an additional 14,000 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Americas Gold and Silver during the first quarter worth about $59,000. XTX Topco Ltd lifted its stake in Americas Gold and Silver by 494.6% during the first quarter. XTX Topco Ltd now owns 122,207 shares of the company's stock worth $64,000 after purchasing an additional 101,655 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company's stock worth $92,000 after purchasing an additional 48,616 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

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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