Americas Gold and Silver (NYSEAMERICAN:USAS) Sets New 12-Month Low - What's Next?

Key Points

• Americas Gold and Silver fell to a new 52-week low of $3.51, last trading at $3.5350, down 1.3% from the prior close. Its price is below both its 50-day and 200-day moving averages.
• Analyst sentiment remains broadly positive: six analysts rate the stock Buy and one rates it Hold, producing a consensus rating of Moderate Buy and a $9.25 target price.
• Institutional ownership stands at 13.38%, while the company operates silver, lead, zinc and gold mining assets in North America, including Idaho’s Galena Complex and Mexico’s Cosalá Operations.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $3.51 and last traded at $3.5350, with a volume of 1,945,446 shares trading hands. The stock had previously closed at $3.61.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. HC Wainwright reissued a "buy" rating and set a $9.25 target price on shares of Americas Gold and Silver in a research note on Tuesday. Stifel Nicolaus started coverage on Americas Gold and Silver in a research report on Wednesday, October 14th. They set a "buy" rating for the company. Zacks Research upgraded shares of Americas Gold and Silver from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. Finally, National Bank Financial initiated coverage on shares of Americas Gold and Silver in a report on Thursday, October 8th. They issued an "outperform" rating on the stock. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.25.

Americas Gold and Silver Trading Down 1.3%

The firm has a market capitalization of $1.21 billion, a PE ratio of -18.76 and a beta of 0.96. The company's 50-day moving average price is $4.84 and its 200-day moving average price is $5.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62.

Institutional Trading of Americas Gold and Silver

A number of institutional investors have recently bought and sold shares of USAS. Farther Finance Advisors LLC acquired a new position in shares of Americas Gold and Silver during the 3rd quarter worth about $29,000. State of Wyoming acquired a new stake in shares of Americas Gold and Silver during the 1st quarter worth about $43,000. NewEdge Advisors LLC acquired a new stake in shares of Americas Gold and Silver during the 1st quarter worth about $46,000. Leonteq Securities AG acquired a new stake in shares of Americas Gold and Silver during the 1st quarter worth about $56,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Americas Gold and Silver during the third quarter worth approximately $51,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.