Americas Gold and Silver Sees Unusually High Options Volume (NYSEAMERICAN:USAS)

Key Points

• Americas Gold and Silver experienced unusually high options activity as investors bought 14,357 call options, a roughly 148% increase versus the average daily call volume of 5,783.
• Several hedge funds have initiated or expanded positions—NewGen ($25.9M), Mirae ($10.6M), Montrusco ($9.95M) and Polar ($13M)—and Alps Advisors boosted holdings by 62.9% to 5,872,547 shares (about $30M), with institutions now owning 13.38% of the stock.
• Wall Street is largely bullish on USAS: four analysts have Buy ratings and the consensus price target is $9.75.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) was the recipient of some unusual options trading on Tuesday. Investors acquired 14,357 call options on the stock. This represents an increase of approximately 148% compared to the average daily volume of 5,783 call options.

Institutional Trading of Americas Gold and Silver

A number of hedge funds have recently made changes to their positions in USAS. NewGen Equity Long Short Fund bought a new stake in shares of Americas Gold and Silver in the 2nd quarter valued at about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Americas Gold and Silver in the second quarter valued at approximately $10,574,000. Montrusco Bolton Investments Inc. acquired a new stake in Americas Gold and Silver during the 3rd quarter valued at approximately $9,954,000. Polar Asset Management Partners Inc. acquired a new stake in Americas Gold and Silver during the 4th quarter valued at approximately $12,999,000. Finally, Alps Advisors Inc. raised its holdings in Americas Gold and Silver by 62.9% during the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company's stock worth $30,009,000 after purchasing an additional 2,267,956 shares during the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Americas Gold and Silver Stock Down 2.1%

Shares of USAS stock traded down $0.15 during trading on Tuesday, reaching $7.24. The company's stock had a trading volume of 1,939,861 shares, compared to its average volume of 7,353,391. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average price of $7.72 and a 200-day moving average price of $5.41. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -27.98 and a beta of 0.53. Americas Gold and Silver has a one year low of $0.99 and a one year high of $10.50.

Americas Gold and Silver Company Profile

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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