Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – What’s Next?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $7.81, but opened at $8.08. Americas Gold and Silver shares last traded at $8.3610, with a volume of 1,653,911 shares trading hands.

Wall Street Analysts Forecast Growth

USAS has been the subject of a number of research reports. HC Wainwright reissued a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. TD Securities began coverage on Americas Gold and Silver in a research report on Monday, February 9th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Americas Gold and Silver presently has a consensus rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Stock Performance

The firm has a 50 day moving average price of $6.72 and a two-hundred day moving average price of $4.71. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. The company has a market capitalization of $2.54 billion, a P/E ratio of -30.64 and a beta of 0.57.

Hedge Funds Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewGen Equity Long Short Fund acquired a new stake in Americas Gold and Silver during the second quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Americas Gold and Silver in the 2nd quarter valued at $10,574,000. Montrusco Bolton Investments Inc. bought a new position in shares of Americas Gold and Silver in the 3rd quarter valued at $9,954,000. Polar Asset Management Partners Inc. bought a new position in shares of Americas Gold and Silver in the 4th quarter valued at $12,999,000. Finally, Alps Advisors Inc. raised its holdings in shares of Americas Gold and Silver by 62.9% during the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after buying an additional 2,267,956 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

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.