Americas Gold and Silver (NYSEAMERICAN:USAS) Trading 15.8% Higher – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price rose 15.8% on Wednesday . The company traded as high as $6.52 and last traded at $6.4160. Approximately 3,102,586 shares were traded during trading, a decline of 54% from the average daily volume of 6,764,779 shares. The stock had previously closed at $5.54.

Analyst Ratings Changes

USAS has been the subject of a number of analyst reports. Canaccord Genuity Group initiated coverage on shares of Americas Gold and Silver in a research note on Tuesday, February 24th. They set a “buy” rating for the company. BMO Capital Markets initiated coverage on shares of Americas Gold and Silver in a research note on Wednesday, April 1st. They set an “outperform” rating for the company. TD Securities initiated coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They set a “buy” rating for the company. Finally, HC Wainwright restated a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research note on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Price Performance

The business’s 50 day moving average price is $6.72 and its 200 day moving average price is $5.99. The stock has a market capitalization of $2.11 billion, a P/E ratio of -19.97 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.78 and a quick ratio of 1.66.

Institutional Trading of Americas Gold and Silver

Large investors have recently made changes to their positions in the stock. Montrusco Bolton Investments Inc. bought a new stake in shares of Americas Gold and Silver in the third quarter worth approximately $9,954,000. Waratah Capital Advisors Ltd. bought a new stake in shares of Americas Gold and Silver in the third quarter worth approximately $645,000. TD Asset Management Inc bought a new stake in shares of Americas Gold and Silver in the third quarter worth approximately $819,000. PCJ Investment Counsel Ltd. bought a new stake in shares of Americas Gold and Silver in the third quarter worth approximately $1,585,000. Finally, Gamco Investors INC. ET AL grew its stake in shares of Americas Gold and Silver by 115.7% in the third quarter. Gamco Investors INC. ET AL now owns 731,462 shares of the company’s stock worth $2,721,000 after acquiring an additional 392,422 shares during the period. 13.38% of the stock is currently owned by institutional investors.

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.