Americas Gold and Silver (NYSEAMERICAN:USAS) Sets New 1-Year High – Here’s What Happened

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) reached a new 52-week high on Tuesday . The stock traded as high as $6.26 and last traded at $6.20, with a volume of 83563 shares traded. The stock had previously closed at $6.09.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on USAS shares. Desjardins assumed coverage on shares of Americas Gold and Silver in a research note on Friday, September 26th. They issued a “buy” rating on the stock. HC Wainwright reiterated a “buy” rating and set a $4.90 price target (up from $3.40) on shares of Americas Gold and Silver in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Americas Gold and Silver has an average rating of “Buy” and an average target price of $4.90.

Americas Gold and Silver Stock Up 1.1%

The firm has a market capitalization of $1.96 billion, a PE ratio of -23.82 and a beta of 0.60. The business’s fifty day moving average price is $4.82 and its 200 day moving average price is $3.65. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 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 worth $56,000 after purchasing an additional 5,000 shares during the period. Hudson Bay Capital Management LP purchased a new position in Americas Gold and Silver during the third quarter worth about $42,000. Baader Bank Aktiengesellschaft lifted its position 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 during the period. Goldman Sachs Group Inc. boosted its holdings in Americas Gold and Silver by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock valued at $32,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Americas Gold and Silver during the 3rd quarter worth approximately $93,000. 13.38% of the stock is currently owned by hedge funds and other 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.