Americas Gold and Silver (NYSEAMERICAN:USAS) Trading Up 9.4% - What's Next?

Key Points

• Americas Gold and Silver shares surged about 9.4% on Monday to $5.886, with 2.56 million shares traded—roughly 66% below its average session volume.
• Wall Street gives the stock a consensus Buy rating (four analysts) with an average price target of $9.75.
• The miner has a market cap of about $1.88 billion, operates the Cosalá district (Mexico) and Relief Canyon (Nevada), and shows a debt-to-equity ratio near 0.96 with a negative P/E (-22.53).

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) shot up 9.4% on Monday . The stock traded as high as $5.84 and last traded at $5.8860. 2,556,397 shares changed hands during trading, a decline of 66% from the average session volume of 7,608,110 shares. The stock had previously closed at $5.38.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on USAS. Canaccord Genuity Group started coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They set a "buy" rating on the stock. HC Wainwright reiterated a "buy" rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research note on Thursday, January 22nd. Finally, TD Securities assumed coverage on shares of Americas Gold and Silver in a report on Monday, February 9th. They issued a "buy" rating for the company. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $9.75.

Americas Gold and Silver Trading Up 9.0%

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. The stock has a market cap of $1.88 billion, a P/E ratio of -22.53 and a beta of 0.53. The stock has a 50-day moving average price of $7.78 and a 200-day moving average price of $5.51.

Institutional Trading of Americas Gold and Silver

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hudson Bay Capital Management LP purchased a new position in Americas Gold and Silver in the third quarter worth $42,000. B. Riley Wealth Advisors Inc. bought a new stake in Americas Gold and Silver in the 2nd quarter worth $46,000. Stone House Investment Management LLC increased its position in Americas Gold and Silver by 130.2% during the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company's stock valued at $47,000 after purchasing an additional 5,236 shares during the period. Truist Financial Corp bought a new position in Americas Gold and Silver in the fourth quarter worth about $51,000. Finally, Gabelli Funds LLC lifted its stake in shares of Americas Gold and Silver by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company's stock valued at $56,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 13.38% of the company's stock.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver and gold assets in North America. The company's core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.

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