Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Down 6.4% - What's Next?

Key Points

• Americas Gold and Silver shares fell 6.4% to approximately $2.70, with trading volume down 66% versus the average session.
• Analyst sentiment remains generally positive: six analysts rate the stock Buy and one rates it Sell, producing a consensus “Moderate Buy” rating and a $9.25 average price target.
• Institutional investors made new purchases during the third quarter, but institutions and hedge funds collectively own only 13.38% of the company’s stock.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) was down 6.4% during trading on Tuesday. The company traded as low as $2.72 and last traded at $2.6950. Approximately 1,799,355 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 5,335,394 shares. The stock had previously closed at $2.88.

Analyst Ratings Changes

Several brokerages recently commented on USAS. National Bank Financial began coverage on Americas Gold and Silver in a report on Thursday, October 8th. They issued an "outperform" rating on the stock. Zacks Research lowered shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 20th. HC Wainwright reiterated a "buy" rating and set a $9.25 price objective on shares of Americas Gold and Silver in a research report on Tuesday, October 20th. Finally, Stifel Nicolaus initiated coverage on shares of Americas Gold and Silver in a report on Wednesday, October 14th. They issued a "buy" rating on the stock. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Americas Gold and Silver presently has a consensus rating of "Moderate Buy" and an average price target of $9.25.

Americas Gold and Silver Stock Down 6.4%

The stock has a market cap of $911.31 million, a price-to-earnings ratio of -14.18 and a beta of 0.96. The firm's fifty day moving average price is $4.46 and its two-hundred day moving average price is $5.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of USAS. Alps Advisors Inc. purchased a new position in Americas Gold and Silver in the third quarter worth $27,261,000. Commonwealth Equity Services LLC purchased a new stake in shares of Americas Gold and Silver during the 3rd quarter valued at $101,000. U S Global Investors Inc. bought a new stake in shares of Americas Gold and Silver during the 3rd quarter worth $11,397,000. Brookstone Capital Management bought a new stake in shares of Americas Gold and Silver during the 3rd quarter worth $46,000. Finally, AA Financial Advisors LLC purchased a new position in shares of Americas Gold and Silver in the 3rd quarter worth about $252,000. Institutional investors and hedge funds 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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