Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Jumps 7% - Time to Buy?

Key Points

• Americas Gold and Silver shares rose 7% to about $3.07, though trading volume was far below its average daily level.
• Analyst sentiment is broadly positive: six analysts rate the stock a Buy and one a Sell, resulting in a “Moderate Buy” consensus and an average price target of $9.25. However, Zacks recently downgraded the stock to “Strong Sell.”
• The company has a relatively low debt-to-equity ratio of 0.15 and operates silver-focused mining assets in North America, but it remains unprofitable with a negative price-to-earnings ratio; institutional investors own 13.38% of the shares.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) were up 7% on Monday. The stock traded as high as $3.04 and last traded at $3.0710. 479,666 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 5,335,221 shares. The stock had previously closed at $2.87.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. HC Wainwright restated a "buy" rating and set a $9.25 price objective on shares of Americas Gold and Silver in a report on Tuesday, October 20th. National Bank Financial began coverage on shares of Americas Gold and Silver in a research report on Thursday, October 8th. They issued an "outperform" rating on the stock. Zacks Research downgraded shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. Finally, Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver in a research note on Wednesday, October 14th. They set a "buy" rating for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. 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 Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -15.82 and a beta of 0.98. The stock has a 50 day moving average price of $4.51 and a 200-day moving average price of $5.70.

Institutional Investors Weigh In On Americas Gold and Silver

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of Americas Gold and Silver during the 1st quarter worth about $5,468,000. Walleye Capital LLC grew its position in shares of Americas Gold and Silver by 110.3% during the first quarter. Walleye Capital LLC now owns 706,630 shares of the company's stock worth $3,689,000 after buying an additional 370,683 shares in the last quarter. Gabelli Funds LLC boosted its stake in Americas Gold and Silver by 14,000.0% in the first 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in Americas Gold and Silver by 16.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company's stock worth $9,043,000 after purchasing an additional 248,877 shares during the period. Finally, Montrusco Bolton Investments Inc. acquired a new position in Americas Gold and Silver in the third quarter worth approximately $2,914,000. 13.38% of the stock is 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 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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