Americas Gold and Silver (NYSEAMERICAN:USAS) Trading Up 8.6% - Should You Buy?

Key Points

• Americas Gold and Silver shares jumped 8.6% to approximately $4.97, although trading volume was 89% below the stock’s average daily volume.
• Analyst sentiment is broadly positive, with five Buy ratings and one Sell rating; the consensus rating is “Moderate Buy” and the average price target is $9.25.
• The company has relatively modest leverage and 13.38% institutional ownership, but it remains unprofitable, reflected in its negative P/E ratio of -26.39.

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) rose 8.6% during trading on Thursday . The company traded as high as $5.00 and last traded at $4.9730. 621,481 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 5,636,702 shares. The stock had previously closed at $4.58.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on USAS. HC Wainwright decreased 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 report on Wednesday, August 19th. Zacks Research lowered shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Americas Gold and Silver has an average rating of "Moderate Buy" and a consensus 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 stock has a market cap of $1.70 billion, a PE ratio of -26.39 and a beta of 1.04. The company's 50-day moving average price is $4.75 and its two-hundred day moving average price is $5.60.

Hedge Funds Weigh In On Americas Gold and Silver

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Americas Gold and Silver in the 2nd quarter worth approximately $303,000. FNY Investment Advisers LLC bought a new position in shares of Americas Gold and Silver during the second quarter valued at approximately $94,000. Rathbones Group PLC bought a new position in shares of Americas Gold and Silver during the first quarter valued at approximately $61,000. NewEdge Advisors LLC purchased a new stake in Americas Gold and Silver in the first quarter worth $46,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Americas Gold and Silver in the first quarter valued at $65,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

About Americas Gold and Silver

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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