Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down - Here's Why

Key Points

• Americas Gold and Silver shares fell at the open, dropping from a prior close of $5.37 to $5.10 before recovering slightly to $5.2050, with 556,668 shares traded.
• Analyst sentiment is mixed: Zacks Research downgraded the stock to “strong sell,” while HC Wainwright maintained a “buy” rating despite lowering its price target to $9.25. Overall, analysts rate the stock “Moderate Buy,” with an average target of $9.25.
• The company has a $1.76 billion market capitalization and relatively low leverage, with a debt-to-equity ratio of 0.15; institutional investors own 13.38% of its shares.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $5.37, but opened at $5.10. Americas Gold and Silver shares last traded at $5.2050, with a volume of 556,668 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Zacks Research downgraded shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. HC Wainwright decreased 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 research note on Wednesday, August 19th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $9.25.

Americas Gold and Silver Stock Performance

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 company has a market cap of $1.76 billion, a PE ratio of -27.24 and a beta of 0.95. The company's 50 day moving average price is $4.65 and its 200-day moving average price is $5.84.

Institutional Trading of Americas Gold and Silver

Several hedge funds have recently made changes to their positions in the company. Deutsche Bank AG grew its stake in shares of Americas Gold and Silver by 0.3% during the 4th quarter. Deutsche Bank AG now owns 591,646 shares of the company's stock worth $3,023,000 after acquiring an additional 1,867 shares during the period. Gabelli Funds LLC grew its stake in Americas Gold and Silver by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company's stock valued at $56,000 after buying an additional 5,000 shares in the last quarter. State of Wyoming purchased a new position in shares of Americas Gold and Silver in the first quarter valued at $43,000. Pictet Asset Management Holding SA grew its holdings in 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 buying an additional 8,636 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in Americas Gold and Silver during the 1st quarter valued at about $46,000. 13.38% of the stock is currently owned by institutional investors.

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 and gold assets in North America. The company's core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.

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