Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Down 12.7% – Should You Sell?

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) traded down 12.7% during mid-day trading on Monday . The company traded as low as $4.89 and last traded at $4.8020. 2,315,671 shares changed hands during trading, a decline of 69% from the average session volume of 7,481,187 shares. The stock had previously closed at $5.50.

Analyst Ratings Changes

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

Americas Gold and Silver Trading Down 16.3%

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 simple moving average is $7.73 and its 200 day simple moving average is $5.61. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -17.68 and a beta of 0.53.

Hedge Funds Weigh In On Americas Gold and Silver

A number of large investors have recently bought and sold shares of USAS. Hudson Bay Capital Management LP bought a new position in shares of Americas Gold and Silver during the third quarter valued at approximately $42,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Americas Gold and Silver in the 2nd quarter worth approximately $46,000. Stone House Investment Management LLC boosted its position in Americas Gold and Silver by 130.2% during the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after purchasing an additional 5,236 shares during the period. Truist Financial Corp acquired a new position in Americas Gold and Silver during the 4th quarter valued at approximately $51,000. Finally, Gabelli Funds LLC grew its stake in Americas Gold and Silver by 50.0% during the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock worth $56,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.

About Americas Gold and Silver

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.