Americas Gold and Silver (NYSEAMERICAN:USAS) Hits New 1-Year High – What’s Next?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $5.95 and last traded at $5.80, with a volume of 4405166 shares traded. The stock had previously closed at $5.77.

Analysts Set New Price Targets

USAS has been the topic of several research reports. Desjardins initiated coverage on Americas Gold and Silver in a research report on Friday, September 26th. They set a “buy” rating on the stock. HC Wainwright reissued a “buy” rating and set a $4.90 price objective (up previously from $3.40) on shares of Americas Gold and Silver in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $4.90.

Americas Gold and Silver Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. The company has a market cap of $1.59 billion, a PE ratio of -22.31 and a beta of 0.66. The firm has a 50 day moving average of $4.30 and a two-hundred day moving average of $3.14.

Institutional Trading of Americas Gold and Silver

Institutional investors have recently bought and sold shares of the company. Hudson Bay Capital Management LP purchased a new position in Americas Gold and Silver in the 3rd quarter worth approximately $42,000. Gabelli Funds LLC lifted its holdings in shares of Americas Gold and Silver by 50.0% during the third quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after purchasing an additional 5,000 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Americas Gold and Silver in the 3rd quarter worth about $93,000. AA Financial Advisors LLC bought a new position in Americas Gold and Silver during the 3rd quarter valued at about $93,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Americas Gold and Silver during the 3rd quarter valued at about $131,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

About Americas Gold and Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.