Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 9.8% – Here’s What Happened

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares dropped 9.8% during mid-day trading on Tuesday . The company traded as low as $4.39 and last traded at $4.4010. Approximately 1,932,201 shares were traded during trading, a decline of 69% from the average daily volume of 6,135,882 shares. The stock had previously closed at $4.88.

Analysts Set New Price Targets

Several research firms recently commented on USAS. BMO Capital Markets reaffirmed an “outperform” rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th. HC Wainwright reissued a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a research report on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver has a consensus rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Stock Down 9.3%

The firm has a market capitalization of $1.49 billion, a PE ratio of -20.11 and a beta of 0.91. The company has a fifty day simple moving average of $5.65 and a two-hundred day simple moving average of $6.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 1.68.

Institutional Investors Weigh In On Americas Gold and Silver

Several large investors have recently modified their holdings of USAS. State of Wyoming bought a new position in shares of Americas Gold and Silver during the first quarter valued at approximately $43,000. NewEdge Advisors LLC bought a new position in Americas Gold and Silver in the first quarter worth approximately $46,000. Stone House Investment Management LLC raised its stake in Americas Gold and Silver by 130.2% in the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock worth $47,000 after buying an additional 5,236 shares in the last quarter. Truist Financial Corp purchased a new stake in Americas Gold and Silver during the fourth quarter worth $51,000. Finally, Leonteq Securities AG purchased a new stake in Americas Gold and Silver during the first quarter worth $56,000. 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.