Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Up 2.6% – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) rose 2.6% during mid-day trading on Friday . The company traded as high as $5.99 and last traded at $5.9530. Approximately 412,608 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 1,450,492 shares. The stock had previously closed at $5.80.

Analyst Ratings Changes

A number of research analysts have commented on the company. 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 research note on Tuesday, November 11th. Desjardins assumed coverage on shares of Americas Gold and Silver in a research note on Friday, September 26th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Americas Gold and Silver currently has an average rating of “Buy” and an average price target of $4.90.

Americas Gold and Silver Trading Up 6.6%

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -23.77 and a beta of 0.66. The business has a fifty day moving average price of $4.53 and a 200 day moving average price of $3.37.

Hedge Funds Weigh In On Americas Gold and Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP acquired a new position in shares of Americas Gold and Silver in the third quarter valued at $42,000. Gabelli Funds LLC grew its position 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 acquiring an additional 5,000 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Americas Gold and Silver in the 3rd quarter worth about $93,000. AA Financial Advisors LLC bought a new position in Americas Gold and Silver during the 3rd quarter valued at about $93,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Americas Gold and Silver in the 3rd quarter worth approximately $131,000. 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.