Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Down – Time to Sell?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) gapped down before the market opened on Friday . The stock had previously closed at $8.65, but opened at $7.36. Americas Gold and Silver shares last traded at $8.0170, with a volume of 1,698,589 shares trading hands.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and set a $9.75 target price on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. The stock has a market cap of $2.37 billion, a PE ratio of -28.54 and a beta of 0.60. The business’s 50-day moving average price is $5.86 and its 200-day moving average price is $4.16.

Institutional Investors Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP purchased a new stake in shares of Americas Gold and Silver during the third quarter worth about $42,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Americas Gold and Silver in the 2nd quarter valued at approximately $46,000. Stone House Investment Management LLC boosted its stake in Americas Gold and Silver by 130.2% in the 4th 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 in the last quarter. Gabelli Funds LLC boosted its stake 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 worth $56,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Wealthcare Capital Management LLC purchased a new stake in Americas Gold and Silver during the 4th quarter worth approximately $57,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

About Americas Gold and Silver

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.