Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 5.5% - Here's What Happened

Key Points

• Americas Gold and Silver's share price fell 5.5% to $2.82, with trading volume increasing to approximately 792,401 shares.
• HC Wainwright has raised its price target for the stock to $3.25, while maintaining a "buy" rating.
• Institutional investors have been active, with notable increases in holdings from Goldman Sachs and Jane Street Group, among others.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) were down 5.5% during trading on Tuesday . The stock traded as low as $2.81 and last traded at $2.82. Approximately 792,401 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 692,712 shares. The stock had previously closed at $2.98.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective on Americas Gold and Silver from $1.30 to $3.40 and gave the stock a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $3.40.

Americas Gold and Silver Price Performance

The stock has a market cap of $807.75 million, a price-to-earnings ratio of -9.23 and a beta of 0.63. The company has a 50-day simple moving average of $2.56 and a two-hundred day simple moving average of $1.96. 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 made changes to their positions in the stock. Cetera Investment Advisers increased its position in shares of Americas Gold and Silver by 4.8% during the 4th quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock worth $167,000 after purchasing an additional 19,696 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Americas Gold and Silver by 51.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 648,500 shares of the company's stock worth $347,000 after purchasing an additional 221,500 shares during the last quarter. Merk Investments LLC increased its position in shares of Americas Gold and Silver by 2,486.3% during the 1st quarter. Merk Investments LLC now owns 71,151,028 shares of the company's stock worth $38,062,000 after purchasing an additional 68,400,000 shares during the last quarter. XTX Topco Ltd increased its position in shares of Americas Gold and Silver by 494.6% during the 1st 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, Alps Advisors Inc. increased its position in shares of Americas Gold and Silver by 1,587.0% during the 1st quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company's stock worth $848,000 after purchasing an additional 1,513,968 shares during the last quarter. Institutional investors and hedge funds 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.