Americas Gold and Silver (NYSEAMERICAN:USAS) Hits New 52-Week High – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.15 and last traded at $5.1550, with a volume of 2985346 shares changing hands. The stock had previously closed at $4.95.

Analyst Upgrades and Downgrades

Several research firms have commented on USAS. Desjardins began coverage on Americas Gold and Silver in a research report on Friday, September 26th. They issued a “buy” rating on the stock. HC Wainwright reiterated a “buy” rating and set a $4.90 target price (up from $3.40) on shares of Americas Gold and Silver in a report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $4.90.

Americas Gold and Silver Stock Performance

The company has a fifty day moving average of $4.16 and a two-hundred day moving average of $3.03. The stock has a market capitalization of $1.42 billion, a P/E ratio of -19.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77.

Hedge Funds Weigh In On Americas Gold and Silver

A number of hedge funds have recently added to or reduced their stakes in USAS. Bank of America Corp DE raised its holdings in shares of Americas Gold and Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after purchasing an additional 207,724 shares during the period. Cetera Investment Advisers grew its position in shares of Americas Gold and Silver by 5.1% during the 1st quarter. Cetera Investment Advisers now owns 450,515 shares of the company’s stock valued at $241,000 after buying an additional 21,671 shares during the last quarter. XTX Topco Ltd grew its position in shares of Americas Gold and Silver by 494.6% during the 1st quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock valued at $64,000 after buying an additional 101,655 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Americas Gold and Silver by 51.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 648,500 shares of the company’s stock worth $347,000 after acquiring an additional 221,500 shares during the period. Finally, Sprott Inc. lifted its holdings in Americas Gold and Silver by 5.2% in the first quarter. Sprott Inc. now owns 5,757,602 shares of the company’s stock worth $3,081,000 after acquiring an additional 285,500 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.