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

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) saw some unusual options trading activity on Tuesday. Stock traders purchased 14,357 call options on the company. This represents an increase of 148% compared to the typical daily volume of 5,783 call options.

Americas Gold and Silver Stock Down 0.3%

Shares of USAS opened at $7.37 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $7.76 and a two-hundred day moving average price of $5.44. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -28.35 and a beta of 0.53. Americas Gold and Silver has a 12 month low of $0.99 and a 12 month high of $10.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Americas Gold and Silver by 75.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,135,900 shares of the company’s stock worth $918,000 after purchasing an additional 487,400 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new position in Americas Gold and Silver during the 3rd quarter valued at about $9,954,000. Fiducient Advisors LLC bought a new position in Americas Gold and Silver during the 2nd quarter valued at about $81,000. TD Asset Management Inc acquired a new position in Americas Gold and Silver in the third quarter valued at about $819,000. Finally, Waratah Capital Advisors Ltd. bought a new stake in Americas Gold and Silver during the third quarter worth about $645,000. 13.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.