Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Down 8.8% – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price dropped 8.8% during trading on Monday . The company traded as low as $7.48 and last traded at $7.49. Approximately 1,101,245 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 7,617,935 shares. The stock had previously closed at $8.21.

Analyst Ratings Changes

USAS has been the subject of a number of research analyst reports. HC Wainwright restated a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a report on Thursday, January 22nd. TD Securities assumed coverage on Americas Gold and Silver in a report on Monday, February 9th. They set a “buy” rating on the stock. Finally, Canaccord Genuity Group started coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Trading Down 4.0%

The business’s 50-day simple moving average is $7.38 and its 200-day simple moving average is $5.17. The company has a market cap of $2.52 billion, a PE ratio of -30.31 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96.

Institutional Trading of Americas Gold and Silver

A number of institutional investors have recently bought and sold shares of USAS. Caitong International Asset Management Co. Ltd acquired a new position in Americas Gold and Silver in the 4th quarter worth about $180,000. Virtu Financial LLC bought a new stake in shares of Americas Gold and Silver in the 4th quarter valued at approximately $339,000. Zazove Associates LLC acquired a new position in Americas Gold and Silver in the fourth quarter worth approximately $511,000. Mackenzie Financial Corp raised its position in Americas Gold and Silver by 99.8% during the fourth quarter. Mackenzie Financial Corp now owns 202,797 shares of the company’s stock valued at $1,077,000 after acquiring an additional 101,278 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in Americas Gold and Silver by 46.6% in the fourth quarter. XTX Topco Ltd now owns 129,436 shares of the company’s stock valued at $661,000 after acquiring an additional 41,130 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 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.