Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Up 8% - Here's What Happened

Key Points

• Americas Gold and Silver shares jumped 8% to $5.455, although trading volume fell 95% below the average daily level.
• Analyst sentiment remains generally positive: five analysts rate the stock a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $9.25.
• Institutional ownership stands at 13.38%, with several hedge funds establishing or expanding positions, including Arrowstreet Capital, which increased its holdings by 554.4%.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) traded up 8% on Wednesday . The company traded as high as $5.48 and last traded at $5.4550. 306,615 shares traded hands during trading, a decline of 95% from the average daily volume of 5,750,796 shares. The stock had previously closed at $5.05.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on USAS. HC Wainwright cut their target price on shares of Americas Gold and Silver from $9.75 to $9.25 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. BMO Capital Markets restated an "outperform" rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Finally, Zacks Research cut shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a research note on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $9.25.

Americas Gold and Silver Stock Up 6.2%

The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.81 billion, a P/E ratio of -28.08 and a beta of 1.04. The firm's 50 day moving average price is $4.65 and its two-hundred day moving average price is $5.82.

Institutional Investors Weigh In On Americas Gold and Silver

Several hedge funds have recently bought and sold shares of the stock. NewGen Equity Long Short Fund acquired a new stake in Americas Gold and Silver in the 2nd quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Americas Gold and Silver during the 2nd quarter worth approximately $10,574,000. Arrowstreet Capital Limited Partnership increased 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 purchasing an additional 3,813,582 shares during the period. Polar Asset Management Partners Inc. bought a new position in shares of Americas Gold and Silver during the fourth quarter worth approximately $12,999,000. Finally, Alps Advisors Inc. raised its position in shares of Americas Gold and Silver by 62.9% in the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company's stock valued at $30,009,000 after buying an additional 2,267,956 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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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