Traders Buy Large Volume of Call Options on Americas Gold and Silver (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the target of some unusual options trading activity on Tuesday. Investors bought 14,167 call options on the company. This represents an increase of approximately 1,002% compared to the average volume of 1,285 call options.

Hedge Funds Weigh In On Americas Gold and Silver

Hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC raised its holdings in Americas Gold and Silver by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after acquiring an additional 5,000 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Americas Gold and Silver in the third quarter worth $42,000. Baader Bank Aktiengesellschaft raised its stake in Americas Gold and Silver by 24.1% in the third quarter. Baader Bank Aktiengesellschaft now owns 70,000 shares of the company’s stock valued at $261,000 after purchasing an additional 13,616 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Americas Gold and Silver by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock worth $32,000 after purchasing an additional 14,000 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in Americas Gold and Silver during the third quarter worth about $93,000. Institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Stock Performance

NYSEAMERICAN USAS traded up $0.06 during trading on Tuesday, reaching $5.21. The company’s stock had a trading volume of 896,661 shares, compared to its average volume of 3,644,794. The firm has a 50 day moving average price of $4.66 and a 200 day moving average price of $3.52. Americas Gold and Silver has a 12 month low of $0.95 and a 12 month high of $6.24. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -19.96 and a beta of 0.60. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and set a $4.90 price objective (up from $3.40) on shares of Americas Gold and Silver in a research report on Tuesday, November 11th. Desjardins started coverage on Americas Gold and Silver in a report on Friday, September 26th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $4.90.

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.