Americas Gold and Silver (NYSEAMERICAN:USAS) Sees Unusually-High Trading Volume – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares saw strong trading volume on Tuesday . 1,924,574 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 1,433,931 shares.The stock last traded at $5.7220 and had previously closed at $5.83.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Desjardins assumed coverage on Americas Gold and Silver in a research report on Friday, September 26th. They set a “buy” rating on the stock. HC Wainwright reaffirmed a “buy” rating and set a $4.90 price target (up from $3.40) on shares of Americas Gold and Silver in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $4.90.

Americas Gold and Silver Trading Up 0.3%

The firm’s 50 day simple moving average is $4.43 and its two-hundred day simple moving average is $3.27. The stock has a market capitalization of $1.60 billion, a P/E ratio of -22.44 and a beta of 0.66. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On Americas Gold and Silver

A number of large investors have recently modified their holdings of USAS. Merk Investments LLC increased its stake in Americas Gold and Silver by 2,486.3% during the 1st quarter. Merk Investments LLC now owns 71,151,028 shares of the company’s stock valued at $38,062,000 after purchasing an additional 68,400,000 shares in the last quarter. NewGen Equity Long Short Fund acquired a new stake in shares of Americas Gold and Silver in the 2nd quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Americas Gold and Silver in the 2nd quarter valued at about $10,574,000. Montrusco Bolton Investments Inc. acquired a new position in Americas Gold and Silver during the 3rd quarter valued at about $9,954,000. Finally, Tidal Investments LLC lifted its holdings in shares of Americas Gold and Silver by 56.0% in the second quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock valued at $4,500,000 after purchasing an additional 2,000,563 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.

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.