Americas Gold and Silver (NYSEAMERICAN:USAS) Trading Up 2.6% – Still a Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price shot up 2.6% during trading on Friday . The stock traded as high as $5.99 and last traded at $5.9530. 412,608 shares changed hands during trading, a decline of 72% from the average session volume of 1,450,492 shares. The stock had previously closed at $5.80.

Analysts Set New Price Targets

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

Americas Gold and Silver Stock Up 4.4%

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 50 day simple moving average of $4.50 and a two-hundred day simple moving average of $3.34. The firm has a market capitalization of $1.93 billion, a P/E ratio of -23.29 and a beta of 0.66.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Hudson Bay Capital Management LP bought a new stake in Americas Gold and Silver during the 3rd quarter valued at $42,000. Gabelli Funds LLC grew its stake in Americas Gold and Silver by 50.0% in 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 during the last quarter. Susquehanna International Group LLP bought a new position in Americas Gold and Silver in the third quarter worth about $93,000. AA Financial Advisors LLC purchased a new stake in shares of Americas Gold and Silver during the third quarter valued at about $93,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Americas Gold and Silver during the 3rd quarter worth approximately $131,000. Institutional investors own 13.38% of the company’s stock.

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.