Americas Gold and Silver Target of Unusually Large Options Trading (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the target of some unusual options trading on Wednesday. Investors bought 34,411 call options on the company. This is an increase of approximately 436% compared to the average daily volume of 6,422 call options.

Americas Gold and Silver Stock Performance

NYSEAMERICAN:USAS opened at $5.22 on Wednesday. The firm’s fifty day simple moving average is $7.66 and its 200 day simple moving average is $5.64. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. Americas Gold and Silver has a twelve month low of $0.99 and a twelve month high of $10.50. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -20.08 and a beta of 0.53.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. TD Securities started coverage on Americas Gold and Silver in a research note on Monday, February 9th. They set a “buy” rating for the company. HC Wainwright reiterated a “buy” rating and set a $9.75 target price on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group assumed coverage on Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating for the company. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $9.75.

Institutional Investors Weigh In On Americas Gold and Silver

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stone House Investment Management LLC grew its stake in shares of Americas Gold and Silver by 130.2% in the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after buying an additional 5,236 shares in the last quarter. Truist Financial Corp acquired a new position in Americas Gold and Silver during the 4th quarter worth approximately $51,000. Wealthcare Capital Management LLC purchased a new position in Americas Gold and Silver in the 4th quarter worth approximately $57,000. Hudson Bay Capital Management LP purchased a new position in Americas Gold and Silver in the 3rd quarter worth approximately $42,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Americas Gold and Silver in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

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.