Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 5% – Here’s Why

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares traded down 5% during trading on Tuesday . The company traded as low as $4.41 and last traded at $4.4850. 444,800 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 1,276,973 shares. The stock had previously closed at $4.72.

Analysts Set New Price Targets

USAS has been the subject of several recent analyst reports. HC Wainwright restated a “buy” rating and set 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 started coverage on shares of Americas Gold and Silver in a report on Friday, September 26th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $4.90.

Americas Gold and Silver Trading Down 0.4%

The firm has a fifty day moving average of $4.10 and a 200-day moving average of $2.94. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -17.19 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Americas Gold and Silver by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock valued at $32,000 after purchasing an additional 14,000 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in Americas Gold and Silver in the 2nd quarter worth $46,000. B. Riley Wealth Advisors Inc. acquired a new position in Americas Gold and Silver in the 2nd quarter worth $46,000. Gabelli Funds LLC boosted its position 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 valued at $56,000 after buying an additional 5,000 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in Americas Gold and Silver in the 1st quarter valued at about $59,000. 13.38% of the stock is owned by institutional investors and hedge funds.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.