Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 9% - What's Next?

Key Points

• Americas Gold and Silver shares fell 9% to about $3.28, with trading volume substantially below the stock’s average daily level.
• Analyst sentiment remains mixed: Zacks downgraded the stock to “strong sell,” while six analysts rate it a Buy and the consensus target price is $9.25, implying significant upside.
• The company has a $1.08 billion market capitalization, modest leverage with a 0.15 debt-to-equity ratio, and institutional investors own 13.38% of its shares.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report)'s share price traded down 9% on Thursday. The company traded as low as $3.28 and last traded at $3.2750. 910,665 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 5,369,473 shares. The stock had previously closed at $3.60.

Analyst Ratings Changes

Several research analysts have recently issued reports 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 Tuesday. National Bank Financial initiated coverage on shares of Americas Gold and Silver in a research report on Thursday, October 8th. They set an "outperform" rating for the company. Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver in a research note on Wednesday, October 14th. They issued a "buy" rating for the company. Finally, HC Wainwright restated a "buy" rating and set a $9.25 price target on shares of Americas Gold and Silver in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.25.

Americas Gold and Silver Price Performance

The company's fifty day simple moving average is $4.81 and its 200-day simple moving average is $5.12. The stock has a market cap of $1.08 billion, a P/E ratio of -16.79 and a beta of 0.96. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Americas Gold and Silver

Several large investors have recently made changes to their positions in USAS. Farther Finance Advisors LLC bought a new stake in Americas Gold and Silver during the third quarter worth about $29,000. State of Wyoming bought a new position in Americas Gold and Silver in the 1st quarter valued at $43,000. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver in the first quarter worth $46,000. Brookstone Capital Management bought a new position in shares of Americas Gold and Silver in the third quarter valued at about $46,000. Finally, Leonteq Securities AG bought a new position in shares of Americas Gold and Silver in the first quarter valued at about $56,000. Institutional investors own 13.38% of the company's stock.

About Americas Gold and Silver

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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