Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down - Should You Sell?

Key Points

• Americas Gold and Silver shares fell sharply at the open, dropping from a prior close of $4.83 to $4.50 before trading around $4.56.
• Analysts remain broadly bullish: four rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $9.25.
• Institutional ownership stands at 13.38%, with several funds recently increasing their positions or initiating new stakes; the company also reports a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $4.83, but opened at $4.50. Americas Gold and Silver shares last traded at $4.5640, with a volume of 804,192 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on USAS shares. HC Wainwright reaffirmed a "buy" rating and set a $9.25 target price on shares of Americas Gold and Silver in a report on Thursday. Zacks Research raised Americas Gold and Silver from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $9.25.

Americas Gold and Silver Price 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 capitalization of $1.51 billion, a price-to-earnings ratio of -23.61 and a beta of 1.04. The company has a 50-day moving average price of $4.88 and a 200-day moving average price of $5.40.

Hedge Funds Weigh In On Americas Gold and Silver

Several institutional investors and hedge funds have recently made changes to their positions in USAS. Arrowstreet Capital Limited Partnership grew its holdings in shares of Americas Gold and Silver by 554.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company's stock worth $23,498,000 after buying an additional 3,813,582 shares in the last quarter. Alps Advisors Inc. lifted its stake in Americas Gold and Silver by 62.9% in the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company's stock valued at $30,009,000 after acquiring an additional 2,267,956 shares in the last quarter. Gabelli Funds LLC lifted its stake in Americas Gold and Silver by 14,000.0% in the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company's stock valued at $11,040,000 after acquiring an additional 2,100,000 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Americas Gold and Silver during the 1st quarter worth approximately $5,468,000. Finally, Montrusco Bolton Investments Inc. acquired a new position in Americas Gold and Silver during the 1st quarter worth approximately $2,861,000. 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 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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