Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) shares fell 6% on Friday . The stock traded as low as $0.79 and last traded at $0.79. 381,554 shares changed hands during trading, a decline of 71% from the average session volume of 1,304,951 shares. The stock had previously closed at $0.84.
Wall Street Analyst Weigh In
Separately, HC Wainwright raised their price target on Americas Gold and Silver from $0.90 to $1.00 and gave the stock a "buy" rating in a report on Friday, March 28th.
View Our Latest Analysis on USAS
Americas Gold and Silver Price Performance
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 firm has a 50 day moving average of $0.66. The company has a market cap of $513.41 million, a price-to-earnings ratio of -6.05 and a beta of 0.54.
Hedge Funds Weigh In On Americas Gold and Silver
Several institutional investors and hedge funds have recently added to or reduced their stakes in USAS. Sprott Inc. purchased a new stake in shares of Americas Gold and Silver in the fourth quarter valued at approximately $2,099,000. U S Global Investors Inc. acquired a new stake in Americas Gold and Silver in the fourth quarter valued at $382,000. HighTower Advisors LLC purchased a new stake in shares of Americas Gold and Silver during the 4th quarter worth $47,000. Hollencrest Capital Management grew its stake in shares of Americas Gold and Silver by 46.8% during the 4th quarter. Hollencrest Capital Management now owns 1,787,017 shares of the company's stock worth $672,000 after purchasing an additional 569,941 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Americas Gold and Silver during the 4th quarter worth $73,000. Institutional investors and hedge funds own 13.38% of the company's stock.
About Americas Gold and Silver
(
Get Free Report)
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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