Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Down 7.4% - What's Next?

Key Points

• Americas Gold and Silver shares fell 7.4% to about $4.87, with trading volume down 84% from the stock’s average daily volume.
• Analyst sentiment remains generally positive: five analysts rate the stock a Buy and one rates it Hold, resulting in a “Moderate Buy” consensus and a $9.25 average price target. Zacks upgraded the stock to Hold, while HC Wainwright lowered its target from $9.75 to $9.25.
• Institutional investors own 13.38% of the company, with several firms adding to or initiating positions. The precious-metals miner operates assets in North America, including the Cosalá Operations in Mexico and the Galena Complex in Idaho.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s stock price fell 7.4% during trading on Wednesday . The stock traded as low as $4.84 and last traded at $4.8690. 902,638 shares were traded during trading, a decline of 84% from the average daily volume of 5,600,578 shares. The stock had previously closed at $5.26.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on USAS shares. Zacks Research upgraded Americas Gold and Silver from a "strong sell" rating to a "hold" rating in a research note on Monday. HC Wainwright decreased their target price on Americas Gold and Silver from $9.75 to $9.25 and set a "buy" rating for the company in a research report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Americas Gold and Silver currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.25.

Americas Gold and Silver Stock Performance

The firm's 50 day moving average is $4.82 and its 200 day moving average is $5.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The stock has a market cap of $1.63 billion, a P/E ratio of -25.39 and a beta of 1.04.

Institutional Investors Weigh In On Americas Gold and Silver

A number of large investors have recently modified their holdings of the business. State of Wyoming acquired a new position in Americas Gold and Silver in the first quarter valued at approximately $43,000. Pictet Asset Management Holding SA grew its position in shares of Americas Gold and Silver by 22.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company's stock valued at $249,000 after acquiring an additional 8,636 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Americas Gold and Silver in the 1st quarter valued at about $46,000. Leonteq Securities AG acquired a new position in Americas Gold and Silver in the 1st quarter worth about $56,000. Finally, Swiss National Bank grew its holdings in Americas Gold and Silver by 2.5% in the first quarter. Swiss National Bank now owns 443,600 shares of the company's stock valued at $2,312,000 after purchasing an additional 10,800 shares during the period. Hedge funds and other 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 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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