Investors Purchase High Volume of Americas Gold and Silver Call Options (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the target of some unusual options trading on Monday. Stock investors purchased 7,819 call options on the stock. This represents an increase of 134% compared to the average volume of 3,338 call options.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Americas Gold and Silver presently has a consensus rating of “Buy” and a consensus target price of $9.75.

Hedge Funds Weigh In On Americas Gold and Silver

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stone House Investment Management LLC raised its stake in Americas Gold and Silver by 130.2% during the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock worth $47,000 after purchasing an additional 5,236 shares during the period. Wealthcare Capital Management LLC acquired a new stake in shares of Americas Gold and Silver during the 4th quarter worth $57,000. Hudson Bay Capital Management LP purchased a new position in shares of Americas Gold and Silver in the 3rd quarter worth $42,000. Gabelli Funds LLC raised its position in shares of Americas Gold and Silver by 50.0% in the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock worth $56,000 after buying an additional 5,000 shares during the period. Finally, Greenberg Financial Group acquired a new position in Americas Gold and Silver in the fourth quarter valued at $102,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Americas Gold and Silver Price Performance

USAS stock opened at $9.01 on Tuesday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of -34.65 and a beta of 0.60. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96. Americas Gold and Silver has a 52-week low of $0.99 and a 52-week high of $10.50. The stock’s fifty day simple moving average is $5.47 and its 200-day simple moving average is $4.00.

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.