Stock Traders Purchase Large Volume of Americas Gold and Silver Call Options (NYSEAMERICAN:USAS)

Key Points

• Call-option activity surged: Traders purchased 20,893 call options in Americas Gold and Silver, about 358% above the average daily volume.
• The stock rose 9.9% to $5.04 during Thursday trading, with 2.2 million shares exchanged. Its 52-week range is $2.69 to $10.50.
• Analyst sentiment remains mixed but leans positive: five analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $9.25. Institutional investors own 13.38% of the company.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) saw unusually large options trading activity on Thursday. Traders purchased 20,893 call options on the company. This represents an increase of approximately 358% compared to the average daily volume of 4,563 call options.

Hedge Funds Weigh In On Americas Gold and Silver

Several institutional investors have recently bought and sold shares of USAS. State of Wyoming bought a new position in Americas Gold and Silver in the 1st quarter worth about $43,000. NewEdge Advisors LLC bought a new stake in shares of Americas Gold and Silver during the 1st quarter worth $46,000. Truist Financial Corp bought a new stake in Americas Gold and Silver in the 4th quarter worth approximately $51,000. Leonteq Securities AG bought a new position in shares of Americas Gold and Silver during the 1st quarter valued at $56,000. Finally, Rathbones Group PLC bought a new stake in shares of Americas Gold and Silver in the 1st quarter valued at about $61,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. HC Wainwright cut their price objective on shares of Americas Gold and Silver from $9.75 to $9.25 and set a "buy" rating for the company in a report on Wednesday, August 19th. Zacks Research lowered shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $9.25.

Americas Gold and Silver Trading Up 9.9%

NYSEAMERICAN:USAS traded up $0.46 during trading hours on Thursday, hitting $5.04. 2,207,892 shares of the company were exchanged, compared to its average volume of 5,647,027. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -26.50 and a beta of 1.04. Americas Gold and Silver has a one year low of $2.69 and a one year high of $10.50. The company has a fifty day simple moving average of $4.75 and a 200 day simple moving average of $5.60. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15.

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, gold, lead and zinc. The company's activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.

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