Americas Gold and Silver (NYSEAMERICAN:USAS) Hits New 52-Week Low - What's Next?

Key Points

• Americas Gold and Silver shares hit a new 52-week low, falling to $2.84 and last trading near $2.88, below the 50-day and 200-day moving averages.
• Analyst sentiment remains mixed but generally positive: six analysts rate the stock a Buy and one a Sell, producing a “Moderate Buy” consensus and an average price target of $9.25.
• Institutional ownership stands at 13.38%, with investors including Arrowstreet Capital, Gabelli Funds and U.S. Global Investors recently increasing or initiating positions.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) hit a new 52-week low during trading on Friday. The company traded as low as $2.84 and last traded at $2.8750, with a volume of 810,928 shares trading hands. The stock had previously closed at $3.07.

Analysts Set New Price Targets

A number of analysts have commented on USAS shares. Stifel Nicolaus assumed coverage on Americas Gold and Silver in a report on Wednesday, October 14th. They set a "buy" rating for the company. National Bank Financial assumed coverage on Americas Gold and Silver in a report on Thursday, October 8th. They set an "outperform" rating for the company. HC Wainwright reissued a "buy" rating and issued a $9.25 price target on shares of Americas Gold and Silver in a research report on Tuesday, October 20th. Finally, Zacks Research cut Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 20th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Americas Gold and Silver has a consensus rating of "Moderate Buy" and an average price target of $9.25.

Americas Gold and Silver Stock Performance

The company has a 50-day simple moving average of $4.56 and a two-hundred day simple moving average of $5.71. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The firm has a market cap of $975.56 million, a PE ratio of -15.24 and a beta of 0.96.

Hedge Funds Weigh In On Americas Gold and Silver

Several institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Americas Gold and Silver by 554.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company's stock worth $23,498,000 after purchasing an additional 3,813,582 shares during the period. U S Global Investors Inc. purchased a new stake in Americas Gold and Silver in the third quarter worth $11,397,000. Gabelli Funds LLC raised its stake in shares of Americas Gold and Silver by 14,000.0% in the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company's stock valued at $11,040,000 after buying an additional 2,100,000 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Americas Gold and Silver by 16.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company's stock valued at $9,043,000 after buying an additional 248,877 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Americas Gold and Silver during the 1st quarter worth $5,468,000. Institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a precious metals mining company focused primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

The company's principal producing assets include the Galena Complex in Idaho, which is an underground silver-lead mining operation, and the Cosalá Operations in Sinaloa, Mexico. The Cosalá complex includes the San Rafael mine and associated processing infrastructure.

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