Americas Gold and Silver (NYSEAMERICAN:USAS) Sees Large Volume Increase – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) saw an uptick in trading volume on Thursday . 3,121,787 shares traded hands during mid-day trading, an increase of 134% from the previous session’s volume of 1,334,699 shares.The stock last traded at $5.5480 and had previously closed at $5.18.

Wall Street Analysts Forecast Growth

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

Americas Gold and Silver Stock Up 11.4%

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The business’s fifty day moving average price is $4.19 and its two-hundred day moving average price is $3.04. The stock has a market capitalization of $1.58 billion, a PE ratio of -22.19 and a beta of 0.66.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USAS. Merk Investments LLC boosted its position in Americas Gold and Silver by 2,486.3% in the first quarter. Merk Investments LLC now owns 71,151,028 shares of the company’s stock valued at $38,062,000 after buying an additional 68,400,000 shares during the last quarter. NewGen Equity Long Short Fund acquired a new stake in Americas Gold and Silver during the 2nd quarter valued at approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Americas Gold and Silver in the 2nd quarter valued at $10,574,000. Montrusco Bolton Investments Inc. acquired a new stake in shares of Americas Gold and Silver in the third quarter worth $9,954,000. Finally, Tidal Investments LLC raised its holdings in shares of Americas Gold and Silver by 56.0% during the second quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock worth $4,500,000 after purchasing an additional 2,000,563 shares during the last quarter. 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 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.